$15.79M BTC Whale Movement Sparks Excitement – Is Bitcoin Ready to Reach $100K?

As the cryptocurrency market starts to recover, a dormant Bitcoin whale has awakened and withdrawn a staggering 171 BTC, valued at $15.79 million. This event may indicate an impending accumulation phase.

Key Takeaways

A dormant Bitcoin whale has withdrawn 171 BTC, valued at $15.79 million, indicating potential market accumulation.
Bitcoin's current trend remains bearish, with significant resistance from a descending trendline.
Market participation has decreased, leading to a decline in trading volume.
The Average Directional Index indicates strong momentum, even as the market shows sideways movement.
Key liquidation levels for Bitcoin are at $91,138 and $94,490, suggesting an intense struggle between bulls and bears.

Dormant Bitcoin whale pulls $15.7 million, Is big move coming?

Is Bitcoin's Downtrend Coming to a Close?

Bitcoin is still experiencing a generally bearish trend, operating within a structure characterized by lower highs and lower lows. However, the recent upward movement has pushed BTC back toward its lower-high area. If BTC can break above this structure, it has a strong chance of concluding the long-standing bearish trend and evolving into a bullish phase.

Interest from whales in Bitcoin [BTC] continues to grow as the price makes steady gains. In the last two trading sessions, Bitcoin has increased by over 8.3%, keeping pace with the broader market and adhering to an upward trajectory.

Dormant Whale Resumes Bitcoin Accumulation

As market sentiment improves, blockchain transaction tracker Onchain Lens recently highlighted whale activities on X (formerly Twitter), garnering significant attention.

The whale wallet with the address “34qy7UD,” which had been inactive for a year, has re-emerged and withdrawn a considerable amount of 171 BTC, equating to $15.79 million, from Binance. Withdrawals of this kind from exchanges often suggest accumulation and can act as an early indicator of potential trend reversals, especially when timed with market recoveries, thereby possibly increasing buying pressure.

Bitcoin's Open Interest Indicates Market Sentiment

Despite the notable asset withdrawal, BTC's price remains relatively stagnant. According to CoinMarketCap, Bitcoin was trading at $93,050 at the time of this report, reflecting a slight increase of 0.05% over the preceding 24 hours.

The sideways price action has led to a marked reduction in market participation, as indicated by a 21% drop in Trading Volume to $70.16 billion. Bitcoin’s Open Interest (OI) has mirrored this price stagnation, with minimal fluctuations noted. Data from derivatives platform CoinGlass shows that total BTC futures OI fell by 0.70% in the last 24 hours to reach $60.19 billion, indicating decreased trading activity among participants awaiting clearer market signals.

BTC Faces Resistance at Descending Trendline

Technical analysis from AMBCrypto indicates that Bitcoin has successfully regained its important support level at $92,000, a level it had lost on November 20, 2025. However, the broader market structure raises concerns about upward momentum, as BTC continues to form lower highs and lower lows while encountering resistance along a descending trendline.

Bitcoin Technical analysis

The daily chart illustrates that Bitcoin's recent upward movement brings it to a critical trendline known for triggering reversals. Should whale accumulation and subsequent buying pressure fail to overcome this resistance, the price might drop again. However, a successful breakthrough above this declining trendline could signal an end to the bearish phase and potentially pave the way to $100,000.

In addition to price movements, the Average Directional Index (ADX) suggests robust momentum, currently standing at 37.27, significantly above the critical threshold of 25 that distinguishes strong trends from weak ones. Meanwhile, the 200-day Exponential Moving Average (EMA) remains above Bitcoin’s price, reinforcing the overall bearish market trend.

Key Bitcoin Liquidation Levels

Given the prevailing market sentiment, CoinGlass indicates an ongoing confrontation between bulls and bears, with Bitcoin's price continuing in a sideways motion.

Data from CoinGlass indicates two critical liquidation levels for Bitcoin: $91,138 and $94,490, where traders appear to be over-leveraged.

Bitcoin Exchange Liquidation Map

Source: CoinGlass

The information reveals that traders have accumulated approximately $571.51 million in long positions and $681.32 million in short positions at these liquidation levels. This significant distribution highlights the fierce battle between bullish and bearish positions in the market.

Final Thoughts

As the cryptocurrency space evolves, the movement of significant assets by whales can often signal larger trends. With Bitcoin hovering around critical support and resistance levels, market watchers will be closely examining future price behavior and whale activities to gauge potential upward movement towards the long-anticipated $100,000 mark.