While retail traders face liquidation pressure, Bitcoin whales are quietly accumulating as the Bitcoin price faces increasing bear pressure.
Market analysts now eye the $100,000 level as the next crucial zone. The market tone feels uneasy, yet data points to strategic buying beneath the surface.
Whales accumulate as BTC dips below $104k
On-chain tracker Lookonchain reported several large withdrawals from major exchanges within hours.
A dormant address known as “37BnFf” transferred 800 BTC, worth roughly $85.5 million, from Binance and OKX. Another new wallet, “3Qus8D,” withdrew 190 BTC valued at nearly $19.8 million.
A third wallet, labeled “bc1qr9,” took 174 BTC from Binance, bringing its total holdings to more than 3,000 BTC worth about $315 million. These coordinated moves have sparked discussion across crypto circles.
Large withdrawals from exchanges often signal accumulation rather than selling, suggesting whales may be positioning for the next cycle.
These addresses tend to act early during periods of market stress. Their reactivation after months of dormancy drew further attention, especially as Bitcoin’s price continued to slide. Such activity hints at confidence among long-term holders, even as traders turn cautious.
Bitcoin faces rising odds of dropping below $100K
According to prediction market data from Kalshi, traders appear increasingly cautious about Bitcoin’s short-term outlook.
The latest forecast shows a 69% probability that Bitcoin will fall below $100,000 before the end of the year, reflecting a growing sentiment that the current price momentum may not hold.
This view aligns with recent volatility seen in the crypto market, as Bitcoin has struggled to maintain its highs amid shifting macroeconomic factors and renewed profit-taking from institutional investors.
Meanwhile, 34% of traders believe the asset could dip below $90,000, suggesting some expect a deeper correction if selling pressure intensifies.
Despite broader optimism around Bitcoin’s long-term trajectory, near-term trading sentiment remains mixed, with many positioning defensively as the market adjusts to tightening liquidity and fluctuating risk appetite.
As of this writing, the Bitcoin was exchanging hands at around $102,637.12 with a 24-hour loss of 3.38%.
Bitcoin could retest $92K if $100k support fails
Bitcoin’s recent price action suggests that bearish momentum is gaining strength, with the asset slipping through multiple short-term support zones.
Market analyst Ted highlighted that Bitcoin is currently showing signs of structural weakness, with no major support visible until around the $100,000 level.
This zone has become a crucial psychological and technical barrier, and if the price fails to hold above it, traders could see another round of aggressive selling as market confidence wanes.
Ted further noted that a clean break below $100,000 could trigger a deeper correction toward the $92,000 region, an area tied to a CME gap that may act as a magnet for price action.
The move reflects broader market uncertainty and a potential unwinding of leveraged positions, as liquidity continues to thin across major exchanges.