Long-term Investor Moves 2,300 BTC to Paxos: Will Bitcoin Price Go to $100K?

Key notes

• Since 2018, Whale Wallet has transferred $250 million worth of Bitcoin to Paxos while holding 32,490 BTC worth $3.4 billion.
• Bitcoin ETFs saw three consecutive draw days totaling $798 million in net outflows during late October.
• Technical indicators show BTC trading at $107,256, with the Relative Strength Index (RSI) at 40.50 indicating weak momentum and potential crash risks.

Bitcoin is inactive

Bitcoin
$106,878



24-hour fluctuations:
2.8%


Market value:
$2.13 T



Vol. 24 hours:
$71.71 billion

A wallet dating back to 2018 transferred 2,300 bitcoins, worth roughly $250 million, to the Paxos Exchange. The whale still holds about 32,490 bitcoins worth $3.4 billion, according to Arkham Intelligence.

The whale’s move is in line with a wave of profit-taking among major US corporate Bitcoin investors in the past week.

Bitcoin ETFs close in October 2025 with 3 consecutive days of withdrawal | Source: SosoValue

According to SosoValue dataBitcoin ETFs recorded net outflows of $798 million last week, closing with three straight days of withdrawals.

Bitcoin Price Prediction: Bulls Defend $105K as RSI Drops Below Midline

Bitcoin price is struggling to recover the $110,000 area after a sharp 2.97% decline on November 3. The daily chart shows that Bitcoin is currently trading around $107,256, with selling pressure visible from whale wallets and institutional outflows.

The Bollinger Bands are narrowing, indicating that market volatility is now starting to calm down. The upper band, near $114,260, forms the primary resistance area, while the lower band near $105,536 offers immediate support.

Bitcoin (BTC) Price Forecast, November 3, 2025 | Source: Trading View

The RSI at 40.50 reflects weak momentum, hovering near the oversold zone. The indicator’s downward slope below its signal line (45.86) reinforces the bearish dominance in the short term. However, a bounce above 50 could represent a reversal, especially if ETF flows resume and whale deposits stabilize.

Bitcoin’s current price breakout probability indicator depicts a 38% chance of an early bounce to $112,000. If these optimistic Bitcoin price predictions fail to come true, a breakout below $108,000 has a 27% chance of being the next likely directional move.

Best pre-sales of the wallet rise to $16.8 million as Bitcoin volatility intensifies

As Bitcoin price struggles below $110,000 amid increased whale activity, investors are diversifying into promising early-stage projects like Best Wallet (BEST). The ongoing presale has now exceeded $16.8 million, reflecting the growing desire for DeFi products that offer secure storage and yield optimization features.

Best pre-sale wallet

Prospective investors now have less than 24 hours to obtain BEST tokens at $0.026 via the official Best Wallet website, before the next price level opens.

the next

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to provide accurate and timely information but should not be considered financial or investment advice. Since market conditions can change rapidly, we encourage you to verify the information yourself and consult with a professional before making any decisions based on this content.

Market news

Ibrahim Ajibade is an experienced research analyst with a background in supporting several startups and financial institutions in the Web3 space. He has his undergraduate degree in Economics and is currently studying for a Masters in Blockchain and Distributed Ledger Technologies at the University of Malta.

Check him out Ajibade on LinkedIn.