According to Santiment, blockchain data shows that three massive Bitcoin transactions on June 1st and 2nd coincided with a local top as BTC's market value aimed to rebound above $107,000. The Bitcoin blockchain recorded $44.03 billion in transaction volume during this period, suggesting heightened institutional or whale activity at market resistance levels (source: Santiment, June 5, 2025). Traders should monitor on-chain volume spikes and large transfers as potential signals of local tops or reversals, which could impact short-term trading strategies and crypto market liquidity.