According to Crypto Rover, there is a notable selling pressure in the Bitcoin market as of February 17, 2025. This selling trend could be attributed to profit-taking activities by long-term holders who accumulated Bitcoin during its previous price dip. Additionally, inflow data from major exchanges indicate increased deposit activity, suggesting traders might be positioning for short-term corrections. Crypto Rover suggests monitoring whale activities as they significantly influence market dynamics.

According to Crypto Rover, yesterday saw the largest stablecoin inflow into exchanges in a year, suggesting that the recent market dip has been bought. This influx of stablecoins, which often precedes buying activity, indicates that the bull market may continue. Such inflows are typically used to purchase cryptocurrencies, reflecting trader confidence in further price increases.

According to Crypto_xyzhou, Bitcoin has experienced a significant price drop due to heightened trading volume.