The current consolidation zone represents a key accumulation area, historically favored by large investors. Analysts suggest that this level provides strong underlying support, making it a potential springboard for the next bullish leg.

Whale Activity Signals Growing Bullish Sentiment

Recent on-chain data shows a prominent whale moving roughly $9.6 million in USDC, using $8.5 million to open a 6x leveraged long position on 133.86 BTC, worth about $14.47 million. Such actions reflect a broader market trend where long positions now make up around 52% of the market, indicating growing confidence among institutional investors.

Insider Bitcoin whale begins closing $BTC shorts, sparking speculation on whether the bullish pump will continue. Source: @Ashcryptoreal via X

This activity also coincides with a partial closure of Bitcoin short positions by another high-profile whale. As Ash Crypto (@Ashcryptoreal) noted, “Insider Bitcoin whale has started closing his $BTC short position. Can we continue the pump now?” Traders are watching these movements closely, as they often signal both profit-taking and potential market direction.

Liquidation Heatmaps Highlight Critical Support Zones

Bitcoin’s liquidation heatmaps from Coinglass are showing clear areas of interest for traders. Long liquidation clusters are appearing above $111,000, while short liquidations are noted below $106,000. These zones act as important markers, helping market participants anticipate potential volatility and price bounces.

BTC weekly liquidation heatmap shows key zones of long and short liquidations, highlighting potential support and resistance levels for traders. Source: @5_0Trading via X

Recent price action reflects this dynamic, with Bitcoin dropping roughly 4% in the past 24 hours to around $108,600. Traders are keeping a close eye on these levels to see whether support holds or if the market experiences further downside pressure before a potential rally resumes.

Insider Whale Moves Influence Market Sentiment

One insider whale recently closed part of their Bitcoin short position at $108,205, covering around 3.7 BTC. Such moves generate mixed reactions: some traders view it as profit-taking, while others see it as a signal of upcoming bullish momentum. Market sentiment often shifts quickly around these whale actions, reflecting the balance between fear and optimism in the crypto market.

Meanwhile, other whales are reportedly opening new long positions, adding liquidity and support to the market. This combination of closing shorts and adding longs suggests strategic positioning by large investors to capitalize on current price levels below $110K, reinforcing the significance of this accumulation zone.

Technical Outlook: Watching for $140K

From a technical perspective, Bitcoin is showing mixed signals. While the weekly chart suggests a slightly bearish structure with lower highs, the daily chart remains above the 200-day moving average. Analysts are noting the possibility of a “dead cat bounce” to around $117,000 if support holds.

Bitcoin remains in a strong bullish structure, with whales accumulating below $110K, setting the stage for a potential breakout above $140K. Source: MMBTtrader on TradingView

A sustained breakout above $140,000 would confirm a major bullish continuation, signaling the next leg of Bitcoin’s macro uptrend. Traders are monitoring this closely, as breaking this level could attract more institutional inflows and trigger further momentum, reinforcing confidence in the market’s longer-term trajectory.

Final Thoughts

Bitcoin is at a pivotal stage, with whales actively accumulating below $110K and liquidation zones providing guidance on key support and resistance. Insider activity, combined with macro technical indicators, suggests the potential for a breakout toward $140,000 in the near term.

Bitcoin (BTC) was trading at around $107,993, down 0.47% in the last 24 hours at press time. Source: Bitcoin Price via Brave New Coin

While volatility remains a factor, the overall picture indicates growing bullish interest. Traders and investors are watching closely, as the market could see significant moves depending on how these support levels hold and whether momentum builds for the next upward leg.

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Filed under: Bitcoin - @ October 22, 2025 8:19 pm