Bitcoin

Momentum

when

would

<h2 id="what-is-onchain-data-showing-right-now">What Is Onchain Data Showing Right Now?</h2> Bitcoin is attempting to extend its breakout above the $90,000 level as onchain data points to a sharp pickup in activity from long-dormant holders. On Saturday, so-called “OG whale” spent value — Bitcoin moved after remaining idle for more than seven years — jumped to about $286 million, according to data from Capriole Investments. That marked the largest single-day spike since early November, when a surge near $570 million coincided with a short-term market correction. Large movements from old coins often trigger concerns about distribution, especially when prices sit near all-time highs. This time, however, the context looks different. The scale of spending remains well below prior peaks, and broader onchain indicators suggest the market is absorbing supply without stress. Long-term holder behavior supports that view. Glassnode data shows distribution from long-term holders has slowed sharply, with net outflows rolling over from earlier extremes. That points to a market where much of the overhead supply from early buyers may already have been absorbed during previous rallies. 
<h3 id="investor-takeaway">Investor Takeaway</h3>
<div style="background: #f9f9f9; border-left: 4px solid #ff9900; padding: 12px; margin: 16px 0;">
 Old-coin spending has picked up, but broader holder data suggests the market is handling it. That lowers the risk that current whale activity turns into aggressive selling pressure.
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<h2 id="are-long-term-sellers-losing-control-of-the-market">Are Long-Term Sellers Losing Control of the Market?</h2> Evidence continues to build that selling pressure from long-term holders is easing rather than accelerating. A recent Cointelegraph report flagged multiple indicators pointing to a slowdown in long-term distribution, a setup that has historically supported price expansion rather than reversals. At the same time, demand from accumulator addresses remains strong. These wallets, defined by consistent buying with little to no selling, have continued adding Bitcoin throughout 2026. Data from CryptoQuant shows accumulator addresses acquired nearly 136,000 BTC in just 11 days this month, reinforcing the idea that dips are still being met with steady demand. This dynamic — older holders trimming exposure while newer buyers step in — has defined several major Bitcoin uptrends in the past. What matters is whether new demand outweighs supply from profit-taking. So far, onchain flows suggest that balance remains intact. 
<h2 id="do-technical-indicators-support-the-bullish-case">Do Technical Indicators Support the Bullish Case?</h2> From a momentum perspective, Bitcoin’s technical structure continues to improve. The five-day <a href="https://financefeeds.com/bitcoin-eyes-100k-short-term-rally-or-imminent-reversal/" rel="noopener noreferrer nofollow">moving average convergence divergence</a> (MACD) has flipped bullish, a signal last seen near the 2022 bear market low. At the time, that setup preceded a multi-month rally that reshaped market sentiment. Order book data also points to strengthening demand. Aggregated liquidity across <a href="https://financefeeds.com/kraken-launches-desktop-platform-featuring-ladder-trading-and-auto-join/" rel="noopener noreferrer nofollow">spot and futures markets</a> shows bid-side liquidity outweighing asks, suggesting buyers are gaining control. Liquidity has clustered between $89,200 and $89,700, creating a key near-term pivot following the <a href="https://financefeeds.com/optimizing-strategies-with-forex-trading-hours/" rel="noopener noreferrer nofollow">New York trading session</a>. That said, traders remain cautious about short-term volatility. <a href="https://financefeeds.com/pivozon-brings-indicator-based-forex-trading-to-the-d1-timeframe/" rel="noopener noreferrer nofollow">Historical price behavior</a> shows Bitcoin has averaged a 5% dip below the 14th weekly open candle for seven consecutive months. If that pattern repeats, price could briefly revisit the $86,000 to $87,000 area before any sustained push higher. 
<h3 id="investor-takeaway">Investor Takeaway</h3>
<div style="background: #f9f9f9; border-left: 4px solid #ff9900; padding: 12px; margin: 16px 0;">
 Momentum indicators favor upside continuation, but repeated shallow pullbacks remain part of Bitcoin’s structure. Near-term volatility should be expected even in a bullish trend.
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<h2 id="where-are-the-key-levels-traders-are-watching">Where Are the Key Levels Traders Are Watching?</h2> The immediate question is whether Bitcoin can continue absorbing supply from older holders without losing momentum. Liquidity below $89,000 remains an area of interest, with acceptance between $89,000 and $87,000 viewed as a potential reset zone rather than a breakdown. A sweep into that range followed by a strong rebound would suggest passive bids have been filled, clearing the way for another attempt at the $100,000 psychological level. Some traders see that scenario playing out as early as next week if demand remains steady and macro conditions stay calm. Failure to reclaim support quickly, however, would increase the risk of a deeper pullback. In that case, the $86,000 region becomes the next key level, with longer-term liquidity sitting closer to $84,000. That zone would likely attract attention from longer-term buyers if reached. For now, Bitcoin sits in a familiar phase of its cycle: strong onchain demand, improving momentum, and visible profit-taking from early holders — all unfolding near a major <a href="https://financefeeds.com/the-trump-musk-pattern/" rel="noopener noreferrer nofollow">psychological price level</a>. Whether the market pushes cleanly toward six figures or pauses for consolidation will likely be decided by how price reacts around the high-$80,000 range in the days ahead.

Bitcoin Whales Are Active Again — Is $100K the Next Target?

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