Bitcoin Whales Cash Out $286 Million, Yet $100K BTC Prospects Remain Strong

Bitcoin whales have made a significant move, liquidating approximately $286 million worth of BTC in January. Despite this sell-off, the market shows signs of bullish momentum, suggesting the price could still reach $100,000 by the month’s end.

Key Highlights

Whale transactions have surged to their highest since early November.
Positive momentum indicators signal potential growth, though expect some volatility this week.

Data from Capriole Investments highlights that OG whales activated an impressive selling spree, moving Bitcoin that had been dormant for over seven years. This marked the most substantial activity since November 3, 2025, when a similar spike approached $570 million amid a market correction.

Market Analysis Source: Capriole Investments

While such sell-offs may provoke concerns about distribution, the distinctiveness of OG whale activity indicates calculated profit-taking, rather than panic selling. On-chain metrics reveal an increasing capacity for Bitcoin to manage this influx of supply.

According to Glassnode, distribution from long-term holders has significantly decreased, with a trend indicating that the older supply has largely been absorbed.

Recent insights highlight that addresses categorized as accumulators, wallets consistently purchasing without distributing, have acquired nearly 136,000 BTC within 11 days this January.

Accumulator Address Demand Source: CryptoQuant

Technical Overview: BTC’s Rising Momentum

Bitcoin’s technical indicators are showing improvement, with the five-day MACD flipping bullish, a signal synonymous with past significant market recoveries. Notably, this pattern has historically led to rallies exceeding 430%.

BTC’s Five-day MACD Source: X/Myles G

Nevertheless, fluctuations are expected in the near term. BTC traders have observed a consistent pattern of pricing dipping 5% below the weekly open for seven months, potentially dragging prices to the $86,000 to $87,000 range.

Moreover, analysts like OSHO have indicated an improvement in order book conditions, with buyers dominating liquidity across markets.

Bitcoin Liquidity Levels Source: X

If demand remains solid, Bitcoin may effectively absorb whale supply, leading toward the significant $100,000 threshold. Potential setbacks below $89,000 are anticipated to signify critical support, whereas a rebound from these levels may set the stage for further gains.

This article does not provide investment advice. Please conduct proper research before making trading decisions.