Whale Deposits Hit 2024 Highs as Bitcoin Tests Resistance Despite $250K Draper Call

Bitcoin's rebound stalls near February 4, 2026 highs around $75,000 as whale deposits to exchanges spike to their highest since July 2024, per Cryptoquant, fueling short-term selling fears. Tim Draper reaffirmed his $250,000 price target on an 18-month horizon, while Grayscale eyes Elon Musk's X for crypto integration and Kraken flags Fed leadership shifts (3.25%-3.75% rates baseline) as catalysts. With Fear & Greed at 27 (Fear), elevated whale activity signals heightened volatility in a bullish forecast versus supply pressure tug-of-war.