Bitcoin Shows Signs of Potential Breakout Amid Low Selling Pressure and Whale Long Position Increase
The post Bitcoin Shows Signs of Potential Breakout Amid Low Selling Pressure and Whale Long Position Increase appeared on BitcoinEthereumNews.com.
Bitcoin is demonstrating a significant breakout, marked by minimal selling pressure and substantial whale activity, signaling strong market confidence. Market analytics reveal that exchange outflows are at near-decade lows, indicating holders are reluctant to liquidate despite Bitcoin’s record highs. According to COINOTAG, legendary analyst John Bollinger highlighted Bitcoin’s setup for a breakout as it neared the $110,000 resistance, a prediction now validated by recent price action. Bitcoin’s breakout is supported by low selling pressure and a whale’s massive long position, underscoring bullish momentum and market resilience. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Minimal Selling Pressure Reinforces Bitcoin’s Breakout Momentum Bitcoin’s recent surge to an all-time high of $113,804 is underpinned by exceptionally low selling pressure, a critical factor that sustains upward momentum. Data from CryptoQuant highlights that exchange flows—often a proxy for selling activity—are approaching the lowest levels observed in nearly ten years. This scarcity of tokens moving onto exchanges suggests that holders are increasingly confident in Bitcoin’s long-term value proposition, choosing to retain rather than liquidate their assets. Complementing this, Santiment’s analytics indicate a growing eagerness among traders to transfer tokens to exchanges, which typically precedes increased market activity. However, the current context reflects a unique scenario where this eagerness does not translate into selling, but rather strategic positioning. This dynamic reduces the likelihood of a sudden sell-off, reinforcing the strength of Bitcoin’s breakout. ‘, ‘…
Filed under: News - @ July 10, 2025 11:26 pm