Bitcoin (BTC) has witnessed a slight downward movement on the weekly chart, dropping by 0.3% in the last week. This trend suggests potential price corrections are emerging in the market. A key indicator highlighting this selling pressure is the surge in activity from large Bitcoin holders, known as whales. While whales displayed active buying behavior on Coinbase just weeks ago, recent data reveals a massive transfer of Bitcoin to Coinbase by a significant whale entity (on May 2, 2025) pointing towards potential selling activity among US whales. 2025’s CPI (Coinbase Premium Index), which reflects the price difference between BTC and other exchanges mainly used by institutional investors in America, has shown an indicator of increased buying pressure from institutional investors until recently. However, following a spike in this indicator, there has been a sudden surge in large Bitcoin transfers to Coinbase, suggesting potential selling intentions among American investors. While this could be for other trading activities or institutional custody purposes, it’s important to note that these transfers are potentially signaling caution amongst those investors. 0.4% down over the past week and holding within tight ranges between $90K – $97K, Bitcoin reflects a cautious market sentiment fueled by concerns about US tariffs on global imports and the looming economic crisis triggered by the ongoing trade battle between the U.S. and China. 2025’s CPI (Coinbase Premium Index) is currently reflecting a high level of demand for BTC from institutional investors in America, with increased buying activity observed earlier this month. However, recent comments about a potential US-China trade agreement remain inconclusive. Moreover, Trump’s announcement of new trade tariffs on pharmaceutical imports adds to the uncertainty within the market.