Bitcoin Stagnation Explained: Whales Profit-Take in $115K–$125K Zone
Bitcoin is locked in a tug-of-war on the $115,000 to $125,000 vary, with whales quietly cashing out whereas retail traders cheer every revisit above $120,000.
Despite current macro headlines and an altcoin rally that has stolen some highlight, worth motion suggests the primary cryptocurrency is caught in a distribution section quite than constructing momentum for an additional push up the charts.
Whale Sell-Off and Market Dynamics
On September 14, pseudonymous market watcher Doctor Profit printed an in depth evaluation on X displaying that the present worth band between $115,000 and $125,000 represents a crucial profit-taking zone for main holders.
According to him, in the final 30 days, massive holders had offloaded as a lot as 116,000 BTC, price round $13 billion, marking the biggest whale sell-off since July 2022. His evaluation additionally confirmed that spot Bitcoin ETF inflows have cooled to simply 500 BTC per day, a pointy drop from peak ranges recorded in late July and early August.
This dip in demand, coupled with the elevated promoting stress from massive holders, explains the OG cryptocurrency’s incapacity to interrupt out decisively. Without regular institutional absorption, the availability glut has weighed on momentum, inflicting BTC’s worth to largely transfer laterally.
Doctor Profit’s evaluation comes at the same time as geopolitical noise did not rattle markets. Over the weekend, Bitcoin held firm round $116,000 regardless of U.S. President Donald Trump’s threats of steep tariffs on China and requires harsher sanctions on Russia. Historically, such remarks have jolted markets, but this time BTC barely flinched, suggesting merchants could possibly be extra targeted on liquidity zones than politics.
September Trends and Price Outlook
Despite its stagnation, Bitcoin is up over 8% in the final two weeks, per CoinGecko, buying and selling at $116,514 as of this writing. If that efficiency continues deeper into the month, it may prolong a uncommon three-year streak of optimistic Septembers, breaking away from a long-standing seasonal sample the place seven of the earlier eleven Septembers ended in the purple.
The asset has additionally climbed 5% in the final week and maintains a 93.7% superiority in its worth from a 12 months in the past. However, it’s barely down 1.1% throughout the previous 30 days, and solely gained 0.4% in the final 24 hours. Meanwhile, buying and selling has stayed range-bound between $110,870 and $116,705 over the previous seven days, with $115,000 appearing as a pivot level.
Its market capitalization stands at $2.32 trillion, however funds appear to be shifting into altcoins, with meme cash similar to PEPE and DOGE posting double-digit weekend good points, to assist drive down Bitcoin’s dominance to 55.7%.
The submit Bitcoin Stagnation Explained: Whales Profit-Take in $115K–$125K Zone appeared first on CryptoPotato.