Bitcoin Price Prediction: Can BTC Break Out After Whales Step Back?

Bitcoin's price is currently experiencing a bullish recovery, aided by a significant decrease in selling pressure on exchanges. The regulatory landscape continues to play a critical role in this situation, particularly as discussions about a potential rebound intensify. Therefore, it is essential to analyze how the market may evolve in the coming weeks.

Key Takeaways

Bitcoin's price has recently climbed from $84,000 to approximately $93,000, stabilizing around $91,400.
A notable reduction in Total Exchange Volume, from 88,000 BTC to 21,000 BTC, indicates declining selling pressure.
Whales and short-term holders have reduced their selling activities, contributing to a more positive market sentiment.
Market experts suggest that a potential breakout towards $98,700 is on the horizon, with further targets of $102,000 to $112,700.

Bitcoin price prediction - What are BTC's breakout odds after whales take a step back?

Decline in Selling Pressure

Bitcoin [BTC] has shown impressive performance lately, rebounding from $84,000 to close to $93,000, and settling around $91,400 at the time of this report. A key factor driving this upward momentum is the notable drop in Total Exchange Volume, which fell sharply from 88,000 BTC to roughly 21,000 BTC.

Bitcoin exchange inflow

Source: CryptoQuant

An increase in exchange deposits usually indicates that investors are preparing to sell; however, this decline in volume signifies a potential bullish recovery. According to data from CryptoQuant, the average deposits per investor have also decreased from 1.1 BTC to 0.7 BTC, further illustrating a drop in selling pressure. This trend primarily reflects the behavior of two groups: whales and short-term holders (STHs).

Whales and Short-Term Holders Regain Confidence

The recent downturn in Bitcoin’s price was chiefly attributed to selling activities from whales and STHs, who have begun to lessen their selling pressures. Over the past month, whale deposits from both new and existing participants plummeted from 47% to just 21% across exchanges. This same downward trend was evident among short-term holders during that timeframe as well.

Investors from these groups were forced to sell at a loss, which created a notable pattern: Whales sold approximately $3.2 billion worth of Bitcoin, while the STH's Spent Output Profit Ratio (SOPR) dropped to 0.97 and has hovered around that level since. As per CryptoQuant, when losses reach a certain point, it often signals an impending rebound.

"Historically, selling pressure eases when market participants acknowledge significant losses."

on-chain realised profit band.

Source: CryptoQuant

While it remains uncertain whether this threshold has completely peaked, the emerging positive momentum suggests that a rebound could be near. If this trend continues, Bitcoin could aim for the $98,700 level—a critical resistance point. A more robust push might extend the rally towards the $102,000–$112,700 range, based on projections from on-chain traders.

Expert Opinions on the Market

Industry experts believe that the latest market dynamics portray a fragile yet improving situation for Bitcoin, influenced heavily by macroeconomic uncertainties and diminished selling pressures.

Farzam Ehsani, Co-Founder and CEO of VALR, emphasized that the market sits in a "delicate balance," governed by hopes that the Federal Reserve may relax its monetary policy. According to Ehsani, this optimistic sentiment renders the market susceptible to any signals of reduced tightening from the Fed.

He further noted that Bitcoin's confined range around $92,000 hints at growing market tension, indicating that any potential breakout could significantly influence market behavior moving forward.

Similarly, Ray Youssef, CEO of NoOnes, remarked that Bitcoin’s recent surge indicates a stabilizing market following forced liquidations and substantial selling from long-term holders. While pressures to sell have subsided, he cautioned that "the buy-side depth needed for a sustainable rally has yet to be established," referring to weak ETF inflows and lackluster spot demand.

Youssef added that improved capital flows and a renewed willingness to take on risk could create an opportunity for Bitcoin to reclaim the upper edge of its range and aim for the $100,000 milestone as we approach early 2026.

Conclusion

In conclusion, Bitcoin's current market recovery is shaped by a decline in selling pressure from influential participants, suggesting a possible bullish turn. With expert forecasts hinting at a potential breakout, it will be interesting to see how the market trends evolve in the near future.