Raise

2026

Resistance

Bitcoin

<h2 id="b-tldr-b">TLDR:</h2>
<ul>
 <li style="font-weight: 400">MARA-linked wallets deposited 1,000 BTC worth $82.8 million into Binance and Gate over five days.</li>
 <li style="font-weight: 400">The transfers equal roughly 2.8% of MARA’s 35,577 BTC holdings reported in late June.</li>
 <li style="font-weight: 400">Exchange deposits do not confirm selling, although MARA previously sold 23,093 BTC for $1.63 billion.</li>
 <li style="font-weight: 400">Bitcoin faces resistance at $82,500, while analyst Minga identifies $79,700 as a potential downside target.</li>
</ul>
<a href="https://blockonomi.com/mara-holdings-sends-81m-to-galaxy-what-next215875-2/" rel="noopener noreferrer nofollow">MARA Holdings</a> has transferred 1,000 BTC worth approximately $82.8 million to Binance and Gate over five days, according to Lookonchain.
The transfers have raised questions about whether the publicly listed Bitcoin miner is preparing to sell more of its reserves. However, exchange deposits alone do not confirm that a sale has occurred.&nbsp;
Bitcoin is up 1.54% over 24 hours but down 1.37% over seven days, according to CoinGecko. Meanwhile, market analyst Minga identified $82,500 as a key resistance level that could determine Bitcoin’s next short-term move.
<h2 id="b-mara-bitcoin-transfers-raise-questions-about-potential-selling-b">MARA Bitcoin Transfers Raise Questions About Potential Selling</h2>
Lookonchain reported that wallets linked to <a href="https://parameter.io/mara-holdings-mara-stock-surges-5-on-bitcoins-push-past-85k/" rel="noopener noreferrer nofollow">MARA Holdings</a> deposited 1,000 BTC into Binance and Gate over five days. The transfers represented approximately 2.8% of the company’s 35,577 BTC holdings reported in late June.
Transaction tracking showed repeated outflows, with individual batches ranging from approximately 100 to 500 BTC. At current reported valuations, these movements represent a substantial amount of Bitcoin potentially entering exchange liquidity.
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 <blockquote class="twitter-tweet">
 Bitcoin mining company MARA Holdings (<a href="https://x.com/MARA?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@MARA</a>) appears to be selling <a href="https://x.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>.
 Wallets linked to <a href="https://x.com/hashtag/MARA?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#MARA</a> deposited 1,000 <a href="https://x.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> ($82.8M) into <a href="https://x.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> and <a href="https://x.com/hashtag/Gate?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Gate</a> over the past 5 days.<a href="https://t.co/7paYjsC4h9" rel="noopener noreferrer nofollow">https://t.co/7paYjsC4h9</a><a href="https://t.co/4jTrsGnMwB" rel="noopener noreferrer nofollow">pic.twitter.com/4jTrsGnMwB</a>
 — Lookonchain (@lookonchain) <a href="https://x.com/lookonchain/status/2112043966711710147?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 19, 2026</a>
 </blockquote>
</div>
MARA has <a href="https://x.com/WuBlockchain/status/2112048811606675841?s=20" rel="noopener noreferrer nofollow">previously sold</a> Bitcoin to support its financial strategy. Earlier in 2026, the company sold 23,093 BTC for $1.63 billion to reduce debt and finance its artificial intelligence expansion.
The company is also expanding into AI and high-performance computing, businesses that require substantial infrastructure investment. Bitcoin mining itself carries significant electricity, equipment, and operational expenses that can influence how miners manage their reserves.
However, the latest transfers do not establish MARA’s intentions. <a href="https://blockonomi.com/bitcoin-price-outlook-80k-btc-support-faces-test-as-mvrv-falls/" rel="noopener noreferrer nofollow">Bitcoin</a> sent to an exchange could be sold, transferred between accounts, or used for other purposes. Confirmation of actual selling would require additional transaction or company disclosures.
If MARA does sell these holdings, the transactions could add to available exchange supply. Their effect on Bitcoin’s price would depend on market liquidity, buyer demand, and the scale of any completed sales.
<h2 id="b-bitcoin-price-faces-82-5k-resistance-as-traders-watch-79-7k-b">Bitcoin Price Faces $82.5K Resistance as Traders Watch $79.7K</h2>
Bitcoin traded at $82,830.29, with $23.68 billion in 24-hour trading volume, according to CoinGecko. Despite its daily gain, BTC remained down 1.37% over the previous seven days.
<figure style="width: 100%" class="wp-caption alignnone"><img src="https://blockonomi.com/wp-content/uploads/2026/10/Screenshot-54.png" alt="" width="1203" height="606">
 <figcaption>
 BTC price on <a href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow">CoinGecko</a>
 </figcaption>
</figure>
Minga <a href="https://x.com/Mingarithm/status/2112008654727835670?s=20" rel="noopener noreferrer nofollow">identified</a> $82,500 as the key support-and-resistance level to watch. The analyst said Bitcoin needs to reclaim this level as support to strengthen the case for further upside.
If Bitcoin fails to hold above $82,500, Minga sees a possible move toward the current weekly low of $79,700. The analyst identified that area as a potential zone for long positions.
Conversely, a break above resistance followed by a failed attempt to maintain higher levels could create another short opportunity. Minga cautioned that <a href="https://coincentral.com/bitcoin-btc-price-tight-bollinger-bands-hint-at-a-big-move-as-bulls-defend-80k/" rel="noopener noreferrer nofollow">BTC</a> remained within a range, making risk-to-reward conditions less attractive for some trades.
Separately, Ali Charts examined Bitcoin’s historical performance after U.S. midterm elections. BTC gained 30.91% in 2010 and 6.61% in 2014, before falling 47.13% in 2018 and 18.15% in 2022.
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 <blockquote class="twitter-tweet">
 BITCOIN POST U.S. MIDTERM ELECTIONS
 Bitcoin’s performance in the month following U.S. midterm elections has been mixed:
 • 2010: +30.91% • 2014: +6.61% • 2018: -47.13% • 2022: -18.15%
 Interestingly, the pattern shifted after 2014, with <a href="https://x.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> delivering negative returns… <a href="https://t.co/u7pxFLuxYH" rel="noopener noreferrer nofollow">https://t.co/u7pxFLuxYH</a><a href="https://t.co/mX2ATToNqR" rel="noopener noreferrer nofollow">pic.twitter.com/mX2ATToNqR</a>
 — Ali Charts (@alicharts) <a href="https://x.com/alicharts/status/2111837725879906557?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 18, 2026</a>
 </blockquote>
</div>
The next U.S. midterm elections are scheduled for November 3, 2026. These historical returns show differing outcomes rather than a reliable forecast for Bitcoin’s future performance.
For now, MARA’s exchange transfers and Bitcoin’s resistance test are separate developments that traders should monitor. The key questions are whether the transfers lead to confirmed selling and whether BTC can sustain a move above $82,500.
The post <a href="https://blockonomi.com/mara-moves-82-8m-in-bitcoin-to-exchanges-as-btc-tests-82-5k-resistance/" rel="noopener noreferrer nofollow">MARA Moves $82.8M in Bitcoin to Exchanges as BTC Tests $82.5K Resistance</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.

MARA Moves $82.8M in Bitcoin to Exchanges as BTC Tests $82.5K Resistance

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