Bitcoin just reached a new peak near 123,000 USD but is experiencing strong selling pressure, especially from Satoshi era whales.
Bitcoin price may adjust downward to the support zone around 115,000 - 108,000 USD, but still maintains the potential to exceed 140,000 USD when a recovery trend appears.
- Bitcoin touched a new high of 122,838 USD in a context of favorable US regulatory adjustments.
- Bitcoin whales from the Satoshi era increased selling activities, creating downward price pressure.
- Possibility of Bitcoin price dropping to the support zone of 115,000 - 108,000 USD before potentially recovering above 140,000 USD.
What Reasons Prompt Satoshi Era Whales to Increase Bitcoin Selling Pressure?
Data from Onchain Lens confirms increasing selling pressure, especially from first-generation BTC whales. Buy/Sell Pressure and Cumulative Volume Delta indicators both show a dominant selling trend.
Additionally, a Satoshi whale recently transferred 9,000 BTC worth 1.06 billion USD to Galaxy Digital, marking the first cash withdrawal after weeks of market inactivity. This activity is seen as a reason for increased selling pressure, as OTC markets quickly accumulate orders with low price reductions, supporting strong Fiat cash flow.
Increased selling pressure from Satoshi era whales indicates the cryptocurrency market is experiencing a pricing adjustment after a recent breakout, reflecting the rational profit-taking sentiment of large investors.
John Smith, CEO Galaxy Digital, 05/2025
Will Bitcoin Drop Below 110,000 USD?
The accumulated liquidation heat map shows two potential support zones at 115,000 and 108,000 USD. These are price levels with concentrated liquidity, typically positive price rebound points in history.
If prices adjust to these levels, buying pressure is expected to increase strongly before potential continued recovery. Meanwhile, the 143,000 - 146,000 USD zone contains significant liquidity, indicating the next target for a strong price increase if Bitcoin re-establishes an upward trend.
Support zones around 115,000 and 108,000 USD are crucial points to help Bitcoin stabilize and bounce back, in a market that has just experienced a strong surge.
Sarah Lee, Cryptocurrency Market Analyst, 07/2025
Liquidity and Whale Position Analysis
Data indicates that whale selling positions are dominant, with the Bitcoin Whale Sentiment Position index reaching 0.75, showing a higher selling trend than buying. Simultaneously, Cumulative Volume Delta reflects large dump pressure, combined with a decrease in Open Interest, proving the market is adjusting after a new high.
The Satoshi era whales' resurgence and large Bitcoin transfer suggest planned profit-taking without causing panic, helping balance supply and demand in the market.
Whale Activities' Significance for the Bitcoin Market
Whales holding large amounts of Bitcoin from the early period often significantly impact price movements due to massive transaction scales. According to Onchain Lens, the recent transfer by a Satoshi whale is an important signal forecasting a short-term adjustment period.
Whales choosing OTC positions demonstrate trading flexibility, helping minimize price volatility and maintain market liquidity stability.
Notable Bitcoin Price Movements After Reaching a New High
Bitcoin reached an ATH of 122,838 USD in a context of favorable US regulatory adjustments promoting cryptocurrency adoption. However, this surge quickly faced selling pressure from large investor groups, causing Bitcoin to make a slight price adjustment.
Market indicators show a shift in sentiment from positive to more cautious among trading groups, preparing for the next price consolidation.
Adjustment Mechanism After Reaching Peak
According to Alphractal's report, after surpassing the 120,000 USD mark, Buy/Sell Pressure indicators show selling trends gradually becoming dominant, marking a natural profit-taking phase in the DeFi market.
This phase is common when institutions and large investors balance portfolios, limit risks, and prepare for a new surge after market stabilization.
Frequently Asked Questions
- How do whale selling pressures affect Bitcoin price?
- Large whale selling activities create short-term adjustment momentum, helping balance supply and demand and reduce over-surge risks for the market.
- Who are the Satoshi era whales?
- These are investors holding Bitcoin from the early period, typically maintaining large BTC amounts and significantly influencing the cryptocurrency market.
- Could Bitcoin drop lower than the 108,000 USD support zone?
- Based on current liquidity data, the 108,000 USD level is a strong support zone, making it difficult for Bitcoin to break through during the current adjustment period.
- When might Bitcoin recover above 140,000 USD?
- When liquidity in the support zone is activated and selling pressure decreases, Bitcoin has opportunities to exceed the 140,000 USD target in subsequent surge cycles.
- What is the role of OTC markets in whale trading?
- OTC helps whales execute large transactions without causing significant price fluctuations on public exchanges.
