Saros, the Solana-based altcoin, has been on an impressive uptrend over the past month. The token’s price has formed new all-time highs (ATHs) nearly every day throughout March.
However, with the momentum showing signs of slowing, investors are wondering if this rally is nearing its end.
SAROS Refrains From Following Bitcoin
The correlation between Saros and Bitcoin (BTC) is currently negative, sitting at -0.43. This negative correlation has worked in Saros’ favor, as it allowed the altcoin to perform well during Bitcoin’s struggles throughout March. While Bitcoin faced significant declines, Saros was able to rally largely due to this inverse relationship.
The shifting dynamics between Bitcoin and Saros will be key to the future price movement of the altcoin. Should Bitcoin regain its upward momentum, Saros may face increased selling pressure. This is because the negative correlation that has benefited Saros may reverse, impacting the altcoin’s ability to maintain its upward trajectory.
The overall macro momentum of Saros shows that investor interest has remained strong. The Chaikin Money Flow (CMF) indicator has been increasing steadily over the past month, signaling consistent inflows.
Recently, it crossed the saturation threshold of 0.7, a level that has historically led to price corrections. This suggests that while Saros has experienced significant gains, the market may be nearing an overbought condition. If profit-taking begins, a price pullback is highly probable for the altcoin.
Saros has surged by an astounding 1,024% since the beginning of March, trading at $0.153 as of now. Throughout March, the altcoin has formed new ATHs almost daily, reflecting strong investor sentiment and demand.
The current ATH stands at $0.163, and the momentum could continue pushing the price upwards, potentially reaching $0.200 if the uptrend remains intact. However, as the price continues to rise, the risk of profit-taking increases.
If Saros faces such a pullback, it could fall back towards the $0.100 support level. If the altcoin loses this key support, the price could drop further to $0.055, invalidating the bullish outlook. Investors should keep an eye on these levels as they will help determine whether the current rally is sustainable.
Bitcoin (BTC) in 2025 is buzzing with activity as long-dormant Bitcoin wallets, often referred to as “old whales,” spring back to life after years of inactivity.
Recent large transactions from untouched wallets for over a decade and significant Bitcoin movements to exchanges are capturing the crypto community’s attention. These developments reflect changes in the behavior of major investors and may signal potential price volatility on the horizon.
Old Bitcoin Whales Suddenly Active Again
Recently, 3,422 Bitcoins, equivalent to $324 million, were transferred from a wallet that had been dormant for 12 years to a new address. These Bitcoins originated from BTC-e, one of the oldest shut-down exchanges.
Back in 2012, the initial value of these BTC was just $46,000. Today, their value has surged 7,018 times, a clear result of Bitcoin’s long-term growth potential.
Around the same time, another wallet holding 2,343 BTC, valued at over $221 million, activated again after 11.8 years of dormancy. Transactions from these “sleeping” wallets often draw significant attention within the community, as they may indicate that veteran investors are starting to liquidate assets or preparing for other strategic moves in the market.
Bitcoin Movements to Exchanges: Rising Selling Pressure?
In addition to the reactivation of long-dormant wallets, the market has also seen a series of large Bitcoin transfers to major exchanges. According to data from Whale Alert, these transactions spiked in early May 2025.
Specifically, 2,402 BTC were moved from Ceffu to Binance, 600 BTC ($56.65 million) were transferred from an unknown wallet to Bitfinex, and 1,636 BTC ($154.05 million), along with 1,385 BTC ($130.74 million), were sent from Cumberland to Coinbase Institutional. Another transaction involving 1,142 BTC ($107.68 million) was also recorded from an unknown wallet to Coinbase Institutional.
These movements suggest that Bitcoin whales actively shift their assets to exchanges, a behavior often interpreted as a sign of potential selling pressure.
Beyond individual whales, Riot Platforms, a leading Bitcoin mining company, sold 475 BTC in April 2025 to cope with industry pressures. This move comes as the Bitcoin mining sector faces rising operational costs following the 2024 halving event, forcing many companies to liquidate portions of their holdings to sustain operations. Meanwhile, MicroStrategy, an institutional investor known for its Bitcoin accumulation strategy, continues to buy in despite criticism of its high-risk investment approach.
However, data from Coinglass reveals that last week, exchanges recorded a net outflow of 15,700 BTC, with total balances dropping to 2.2 million BTC. This could reflect a long-term accumulation trend among large investors, as they withdraw Bitcoin from exchanges to store in cold wallets, reducing the circulating supply in the market.
What did These Movements mean for the Bitcoin Market?
The activities of old whales and major institutions fuel speculation about the Bitcoin market’s future direction. According to a CryptoQuant report from March 2025, the Exchange Whale Ratio on Binance has recently declined, indicating a reduction in selling pressure from large investors, a positive signal for BTC’s price.
The Exchange Whale Ratio, which fell below 0.3 on April 23, indicates a major shift in participation, from institutional or big traders to more retail-dominant flows.
Bitcoin exchange whale ratio. Source: CryptoQuant
“This suggests less whale selling and, perhaps, a “cleaner” market environment in which price movements are driven by organic demand rather than large-volume sell-side pressure.” Analysis shows that
Short-term Bitcoin holders have not yet taken significant profits to form selling pressure, and upward momentum is still accumulating.
“The current NUPL is 8%, while its 30-day SMA remains negative and holds at -2%. Until NUPL exceeds 40%, selling pressure from this cohort will remain minimal, which is a bullish signal.” Analysis shows that
However, the recent transfers of Bitcoin to exchanges suggest that short-term selling pressure may increase, particularly as Bitcoin hovers around $95,000, with key support levels at $93,000 and $83,000.
The reactivation of long-dormant wallets also signals confidence from veteran investors, who are gearing up for a new bullish cycle. These developments paint a complex market picture, with both opportunities and risks on the horizon.
The resurgence of old Bitcoin whales, significant transfers to exchanges, and actions from institutions like Riot Platforms are heating the crypto market in 2025. These movements reflect shifting sentiments among major investors and could shape Bitcoin’s price trends in the coming months. While the potential for growth remains, investors must stay vigilant and prepared for unexpected market fluctuations.
Welcome to the US Morning Crypto News Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee to see expert opinions on what the future holds for Bitcoin (BTC) amid renewed institutional interest. Meanwhile, its market peer, gold, is no longer the only go-to investment in times of uncertainty.
Bitcoin to $120,000: Standard Chartered Predicts Next BTC Rally
As indicated in a recent US Crypto News publication, Bitcoin price remains on course to the target objective of the falling wedge pattern.
After overcoming the resistance at $94,000, BTC is confronting immediate resistance at $95,765. A decisive candlestick close above this roadblock could clear the path for further upside, with Bitcoin price potentially completing the forecasted 20% climb to $102,239.
This optimism comes asBitcoin emerges as a potential beneficiary amid global trade tensions. US tariffs are sparking capital flight and market volatility.
BeInCrypto contacted Standard Chartered for insight into the current Bitcoin market outlook. Interestingly, the bank forecasted a breakout Bitcoin rally mirroring its post-US election surge, with a Q2 price target of $120,000 now in sight.
According to Standard Chartered Head of Digital Asset Research Geoff Kendrick, Bitcoin’s price is primed for a rally similar to its dramatic rise following the US presidential election in November 2024.
The pioneer crypto hit a record high of $103,713 the following month.
Kendrick pointed to accelerating US spot Bitcoin ETF (exchange-traded funds) inflows, particularly when contrasted with declining gold ETP (exchange-traded product) inflows.
“The last time the gap between Bitcoin and gold ETF flows was this wide was during the week of the US election,” Kendrick told BeInCrypto.
According to Kendrick, Bitcoin is catching up to gold, with the king of crypto already serving as a better hedge amid strategic asset reallocations away from the US.
US ETF inflows/outflows vs Gold ETFs. Source: Standard Chartered
This chart compares investment flows into two financial instruments, Bitcoin ETFs and Gold ETPs. It shows higher investor interest and volatility in the former compared to the latter.
Tether’s Q1 2025 report reveals its tokenized gold product, XAUT, is backed by over 7.7 tons of physical gold.With rising global economic uncertainty, XAUT’s market cap surged to $853.7 million, making it the largest tokenized gold product.
BNB Chain optimizes for speed, cutting block times to 1.5 seconds for BSC and 0.5 seconds for OpBNB. Meanwhile, Ethereum’s Fusaka faces a developer rift.
President Donald Trump is considering a new round of stimulus checks targeting low-income Americans, according to unconfirmed reports.
The unconfirmed reports say that the proposal is under review as part of broader economic support plans. Though still a rumor, the move might mirror pandemic-era relief policies that injected billions into American households.
What Are Stimulus Checks?
Stimulus checks are direct cash payments from the federal government to eligible citizens. They aim to boost spending and reduce financial stress during economic downturns or emergencies.
In 2020, under the CARES Act, individuals received $1,200, while joint filers got $2,400. The government followed up with additional rounds in December 2020 and March 2021.
Trump’s name was printed on the memo line of the first batch, drawing criticism for politicizing aid.
However, the payments helped millions cover essentials—and many others turned to investing.
Stimulus Checks and the 2020 Crypto Boom
A significant portion of recipients used their stimulus checks to buy cryptocurrencies, especially Bitcoin.
Data from Coinbase and Binance at the time showed a spike in $1,200 BTC purchases within days of the disbursements.
Retail investors flooded into crypto markets, helping drive Bitcoin from around $7,000 in April 2020 to over $60,000 by April 2021.
Altcoins like Ethereum, Dogecoin, and Uniswap also saw parabolic growth in the months that followed.
Stimulus-fueled buying coincided with the rise of Robinhood traders, NFT speculation, and the first wave of DeFi expansion. It was a retail-driven phase that brought millions into digital assets.
Potential Impact on Crypto in 2025
If a new round of checks is approved, crypto markets could see renewed retail activity. This comes as institutional flows into Bitcoin ETFs have slowed in recent weeks, leaving room for consumer sentiment to move prices.
Unlike 2020, the crypto space in 2025 includes more onramps, tokenized assets, and mobile-first investing tools.
So, this makes it easier for users to convert stimulus cash into digital assets, especially stablecoins and trending tokens.
