š“ $2B $BTC Whale Move Shakes the Market ā Is $110K the Real Buy Zone? šØ
Bitcoinās weekend calm didnāt last long. An OG whale wallet moved close to $2 billion in $BTC , and the impact was immediateāprice slipped back toward $112K, rattling traders who thought momentum was steady. Unlike the usual noise around ETFs and retail flows, this time the pressure came from wallets that have been sitting on massive stacks for years.
On-chain analyst Willy Woo summed it up clearly: āItās the OG whales behind this painful rise, not the new money.ā What he means is that ETF demand, while consistent, isnāt strong enough to offset the kind of heavy exits weāre seeing from these old holders. The math is simpleāwhen billions in BTC suddenly hit the market, buy walls crumble no matter how much fresh institutional money is flowing in.
This dynamic is showing up on the charts. Buyers are trying to defend support levels, but every test closer to $110K feels heavier, like gravity pulling BTC toward that zone. Thatās where the real fight is shaping up. If whales keep unloading, $110K could flip from support to the launchpad for the next bounce.
For me, this isnāt the moment to chase quick rebounds. The smarter play is watching whether $110K holds and waiting for real confirmation before loading up. Whales are testing conviction, and the market is reminding everyone that patience often beats rushing into the noise.