Bitcoin Price Prediction: OG Whales Are Selling BTC Again – Can ETFs Absorb the Incoming Shock?
Bitcoin is buying and selling at $115,428 after hitting $116,000, with long-term holders promoting and provide strain constructing. Lookonchain experiences a Bitcoin OG offered 1,176 BTC ($136m) on Hyperliquid, simply weeks after selling 35,991 BTC ($4.04b) for 886,371 ETH.
This whale nonetheless controls roughly 49,634 BTC valued at greater than $5.4 billion, unfold throughout 4 wallets, however their promoting streak has already lowered holdings. Large-scale gross sales by early buyers are carefully watched, as they will shift sentiment and add liquidity shocks into the market.
Dormant wallets have additionally reactivated. Whale Alert flagged one handle holding 479 BTC ($53M) that moved cash after 12.8 years of inactivity, whereas one other pockets holding 445 BTC turned energetic after almost 13 years. Such strikes typically trace at liquidation danger, including weight to present whale strain.
ETF Demand Offsets Selling Pressure
Despite renewed promoting, demand from U.S. spot Bitcoin ETFs has supplied assist. According to Glassnode, ETFs logged 5,900 BTC inflows on September 10 — the most vital single-day influx since July.
That enhance turned weekly ETF flows constructive, underlining institutional urge for food as Bitcoin holds above $114,000.
The flows spotlight a tug-of-war: long-term holders are releasing provide, however regulated merchandise are absorbing cash at scale.
For merchants, the query is whether or not ETF inflows can maintain tempo with whale offloading as Bitcoin’s subsequent transfer looms.
Bitcoin (BTC/USD) Technical Outlook: $122K or $112K Next?
On the charts, Bitcoin is coiling inside a descending triangle, with worth urgent resistance close to $116,750. The 50-day EMA at $114,360 underpins the bullish case, whereas the RSI at 57 indicators momentum stays constructive however not overextended.
Recent spinning high candlesticks present hesitation, a typical pause earlier than volatility expands.
If patrons power a breakout above $116,750–$119,500, BTC may rapidly goal $122,200, with a measured extension pointing to $124,500.
However, failure to carry above $114,000 dangers a slide towards $112,000, and a deeper pullback to $108,250 stays doable.
Bitcoin (BTC/USD) Trade Setup
Think of Bitcoin as “testing the ceiling.” A confirmed breakout above $116,750 provides an extended entry at $116,800 with stops below $114,000, focusing on $119,500 and $122,200. Buyers could look ahead to dips at $112,000, the place demand meets the trendline.
Whales are promoting billions, and ETFs are shopping for. Bitcoin is at a crossroads. If demand wins, we may see a breakout to $122K+ and arrange 2025 for a six-figure transfer.
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By combining BTC’s unmatched safety with Solana’s high-performance framework, the venture opens the door to completely new use instances, together with seamless BTC bridging and scalable dApp growth.
The workforce has put robust emphasis on belief and scalability, with the venture audited by Consult to present buyers confidence in its foundations.
Momentum is constructing rapidly. The presale has already crossed $16.2 million, leaving solely a restricted allocation nonetheless out there. At immediately’s stage, HYPER tokens are priced at simply $0.012925—however that determine will improve as the presale progresses.
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