$4.3 Billion Sale by Bitcoin Whales: Price Struggles at $110,000 Threshold

Bitcoin has risen to $108,145 with a 7% increase this week, approaching the $110,000 resistance, but the increasing selling pressure in the market is noteworthy. In particular, the sales of large investors (whales) and changes in long-term investor behaviors raise questions about the sustainability of the uptrend.

Intense Sales from Whales: 40,000 BTC Liquidated

Recently, it has been observed that whale wallets holding between 1,000 and 10,000 BTC have started selling. Within just the past week, investors in this group sold over 40,000 BTC. The fact that this amount represents approximately $4.3 billion has significantly increased the selling pressure in the market.

These sales indicate that large investors prefer to take profits by seizing the opportunity of the rise and are experiencing uncertainty regarding the market's future movements. It is thought that high-volume sales could create downward pressure on Bitcoin's price.

Liveliness Metrics Indicate Bear Signal

The 'Liveliness' metric on the Bitcoin blockchain reveals that long-term holders (LTH) are moving their coins. An increase in this metric indicates that LTHs are opting to sell rather than accumulate. This situation is considered another important indicator supporting the bearish trend in the market.

Long-term investors historically play a critical role in market stability. However, starting to liquidate their assets can create pressures that increase volatility in the market.

Technical Levels for BTC: $108,000 Critical Threshold

Bitcoin is currently seeking support at the $108,000 level. Maintaining this level could support the price testing the resistance at $109,476 and then breaking the psychological threshold of $110,000.

However, if whale sales and LTHs' tendency to take profits continue, a bearish scenario could come into play.

In this case, the support levels to be monitored are:

$105,622

$102,734

These levels stand out as possible bottom points where the price could hold in the short term.

Can it take on a Corporate Demand Balancing Role?

Institutional investor demand remains strong, especially the buying activities in ETFs and major exchange platforms create supportive effects on price. If this buying power can prevent whale sales, it may be possible for Bitcoin to break through the $109,476 resistance and rise above $110,000.

If this level is exceeded, the current bearish scenario becomes invalid and a more positive technical structure emerges where Bitcoin can maintain its upward momentum.

Conclusion: The Moment of Decision Approaches

The price movement of Bitcoin continues to be shaped by whale behaviors and long-term investor trends. The $108,000 level will be decisive in terms of short-term outlook. Whether this threshold can be maintained will greatly affect investors' strategies in the coming days.

While cautious optimism continues, it should be noted that volatility may increase further in the event of heightened selling pressure.


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