Bitcoin ‘OG whales’ sell $286M, but odds of $100K BTC remain high

5 hours ago

Bitcoin (BTC) onchain information shows BTC whales are progressive arsenic the terms attempts to widen its breakout from the $90,000 level.

Key takeaways

Bitcoin whale spending surged to $286 million, the largest spike since aboriginal November.
Momentum indicators are bullish, but volatility is apt this week.

Data from Capriole Investments indicated that OG Whale spent value, i.e., Bitcoin moved aft remaining dormant for much than 7 years, jumped to astir $286 cardinal connected Jan. 10. This marked the strongest resurgence successful old-coin enactment since November 3, 2025, erstwhile the metric spiked adjacent $570 cardinal and coincided with BTC’s marketplace correction.

While specified movements often rise fears of distribution, the OG whale enactment reflects strategical profit-taking alternatively than panic selling.

Despite this, onchain information suggested Bitcoin remained successful a amended presumption to sorb this supply. According to Glassnode, semipermanent holder organisation has decelerated sharply with nett outflows rolling implicit from antecedently utmost levels, signaling that overmuch of the overhead proviso from older coins whitethorn already beryllium worked through.

A caller study from Cointelegraph also highlighted aggregate signals pointing to a slowdown successful semipermanent selling pressure, which could pb to terms expansion. Likewise, accumulator addresses, wallets that consistently bargain without distributing, have continued to adhd BTC successful 2026, amassing astir 136,000 BTC successful conscionable 11 days this month.

Bullish signals flash for BTC, but volatility remains successful play

From a method standpoint, Bitcoin’s momentum operation continues to improve. BTC’s 5-day MACD has flipped bullish, a setup past seen adjacent the 2022 carnivore marketplace bottom. Previously, this awesome preceded a rally of much than 430%, noted by crypto commentator Myles G.

However, traders cautioned that near-term pullbacks stay portion of Bitcoin’s terms action. BTC trader Killa noted that for 7 consecutive months, BTC has averaged a 5% dip beneath the 14th play unfastened candle, a signifier that could concisely resistance terms toward the $86,000 to $87,000 zone.

Meanwhile, crypto expert OSHO highlighted improving bid publication dynamics. Aggregated liquidity information shows buyers gaining the precocious hand, with bid-side liquidity outweighing asks crossed spot and futures markets. Liquidity is besides clustering betwixt $89,200 and $89,700, mounting a captious pivot aft the New York session.

If request holds, Bitcoin’s quality to sorb OG whale proviso could inactive substance a propulsion toward the $100,000 intelligence level. That determination whitethorn archetypal necessitate a liquidity expanse beneath $89,000, with terms acceptance successful the $89,000 to $87,000 scope acting arsenic the cardinal signal.

A beardown rebound from that portion would bespeak passive bids person been filled, opening the doorway to a $100,000 trial arsenic aboriginal arsenic adjacent week. Failure to bash truthful increases the hazard of a deeper pullback toward $86,000, with outer liquidity adjacent $84,000 arsenic the longer-term target.

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