The post Attention, Bitcoin Bulls: Here’s Why $99K Might Be The Next Crucial Level To Watch appeared on BitcoinEthereumNews.com.

Following the recent bullish momentum seen early in the year, the Bitcoin price has displayed a bit of correctional movement and now stands closer to $90,000 than it did a week ago. While BTC’s most recent retracement raises suspicions of resistance lying at the $94,000 price, the latest on-chain evaluation hypothesizes the presence of a more relevant resistance just beneath $100,000. New Whales’ Cost Basis Sits Around $99k On-chain analyst Axel Adler Jr recently took to the social media platform X to share an interesting hypothesis on the Bitcoin price trajectory. His on-chain observation was based on the Realized Price New Whale STH Vs Old Whale LTH indicator.  For context, this metric compares the acquisition cost, on average, of recently accumulated whale holdings (short-term holders) with that of Bitcoin’s long-term whale holdings.  Axel Adler Jr shared in his post that new whales have an average entry price near the $99,000 level. Currently, Bitcoin holds a valuation near $90,000, meaning its new whales are holding through unrealized losses. Hence, if the premier cryptocurrency ascends towards these whales’ average acquisition price of $99,000, the crypto pundit explained that these investors might become incentivized to sell their holdings. This means that these large BTC holders exit the market at break-even prices, or while incurring minimal losses.  When the largest Bitcoin investors sell their holdings, the effect often translates to price through reduced buying momentum and a simultaneous increase in downside pressure. As a result, the entry price of these investors — in this case, $99,000 — becomes major resistance, both psychologically and technically.  Long-Term Whales’ Average Cost At $39K  In a separate post on the CryptoQuant platform, on-chain analyst Arab Chain revealed the average cost basis across varying cohorts of Bitcoin’s investors. As the new whales hold through their unrealized losses, the Binance…

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Filed under: News - @ January 10, 2026 8:16 pm