BTC hourly increase of 0.98%: Whale fund movements and ETF institutional buying resonate to drive the price higher

2026-04-07 21:00 to 22:00 (UTC), during a single hour the BTC price recorded a +0.98% increase, with a price range of 69309.9 to 70214.9 USDT and market amplitude reaching 1.31%. During this trading period, short-term volatility intensified and overall market attention clearly increased. Spot trading volume rose in sync, and on-chain active addresses refreshed their nearly one-month high.

The main driver behind this unusual move was large whale wallet funds concentrating and transferring to exchanges. From 21:00 to 22:00, the whale wallet made 46 transfers to exchanges; over the past 24 hours, the total number of transfers out reached 1676. Exchange BTC balances showed a short-term net inflow, with an hourly net inflow of about 300 BTC. Spot trading volume warmed up at the same time, and large sell orders triggered a rapid market reaction. Long-term holders (≥2 years) began realizing gains at higher levels; on-chain data shows their transfer rate reached the highest level within half a year, releasing part of the profit-taking supply.

In addition, US spot ETFs continued to record weekly net inflows of more than $1.2 billion. Among them, ETFs under one leading platform attracted $650 million, while another mainstream institution added $290 million. Institutional buy orders offset the pressure from whale sell-offs, bringing the market’s supply-and-demand structure closer to balance. The derivatives market showed no abnormal liquidations. The price move was not a leveraged chain reaction. The increase in the number of active addresses reflects stronger fund liquidity. Multiple factors converged and amplified short-term volatility, including on-chain large transfers, an expansion in spot trading volume, and ETF inflows achieving supply-demand hedging.

What is worth watching is that whale wallet inflows to exchanges are at a near 90-day high. If afterward the ability of institutional buy orders to absorb supply weakens, the price may face the risk of a phase adjustment. At the same time, it is necessary to keep a close watch on ETF fund flows, changes in exchange net inflows, and on-chain active address indicators, to prevent potential sell-off risks caused by large on-chain transfers. It is recommended to monitor short-term price swings and the dynamic behavior of key support levels to obtain more real-time market information.