In recent market analysis, a notable increase in whale activity has been observed, which is typically followed by a period of volatility and a short-term decline, resulting in a local dip. On an hourly basis, the EWR (Extreme Whale Ratio) has reached high levels once again, indicating potential market fluctuations.

As a result, it is anticipated that Bitcoin may experience increased volatility, with a possible drop back to the $62-63 thousand range, which previously acted as a support level. This would lead to a new local dip in the market. The sell-off by whales amidst the rapid rise in BTC price is expected to pave the way for a healthy market correction, maintaining an optimistic outlook for the blockchain industry.