The Bitcoin market faces a new phase of profit-taking after the mobilization of 286 million dollars by old whales. According to data from Capriole Investments, this Monday, January 12, recorded the highest activity of dormant coins since last November. However, the odds of hitting 100k remain firm due to strong demand from accumulators. The Glassnode spokesperson indicated that long-term holder distribution has begun to slow down.
Despite the movement of coins over seven years old, the market shows resilience. Accumulation addresses have added nearly 136,000 BTC in just eleven days of this 2026. Likewise, momentum indicators suggest that the overhead supply is being absorbed efficiently by new buyers. Therefore, the technical structure of Bitcoin continues to improve significantly despite the initial selling pressure.
On the other hand, the 5-day MACD indicator has shown a bullish reversal similar to late 2022. In previous instances, this technical pattern preceded massive growth rallies exceeding 400%. For this reason, analysts consider that the current volatility is a necessary part of the consolidation process. It is also evident that institutional capital flow continues to support the breakout above 90,000 dollars.
Liquidity dynamics and possible short-term correction scenarios
Additionally, order book data shows that buyers are winning the battle against sellers. Bid-side liquidity currently outweighs sell orders in spot and futures markets. In this way, a critical pivot point between 89,200 and 89,700 dollars has been established. If demand holds, the absorption of whale supply could drive the price up quickly.
However, some traders warn about the possibility of a brief correction toward the 86,000 dollar zone. Historically, Bitcoin often experiences slight dips before continuing its upward trajectory in a solid way. Therefore, a liquidity sweep below 89,000 dollars is considered a likely scenario. This action would clear the market of leveraged positions to allow for a cleaner test of the psychological mark.
What impact will the slowdown in sales have on Bitcoin’s valuation?
The reduction in selling pressure from historical investors is a positive signal for the ecosystem. If the price manages to stay above key supports, the path to 100,000 dollars would be clear. Experts predict that technology for custody and ETFs will continue to attract liquidity throughout the first quarter. Therefore, market sentiment remains predominantly bullish among participants.
Finally, Bitcoin’s success will depend on its ability to absorb external supply without losing critical levels. The next week is expected to be decisive in confirming the final breakout toward new all-time highs. In this way, investors should be alert to any sudden change in whale spending patterns. In conclusion, the general outlook points to an imminent expansion phase for the leading cryptocurrency in the market.
