Bitcoin News Today: Bitcoin Slides Below $115K Triggering $23.7M Whale Bet on $200K Rally as Bulls Remain Unshaken

Bitcoin’s price movement below $115,000 triggered substantial liquidations of long positions, yet the asset’s bullish trajectory remains intact, according to on-chain data and analysts. A notable whale has wagered $23.7 million on Bitcoin surging to $200,000 by year-end, signaling strong conviction in its long-term potential despite recent volatility [1]. The $115,000 level has emerged as a critical support zone, with traders closely monitoring whether buyers can reclaim this threshold to reignite upward momentum [2].

The liquidation event, tied to Bitcoin’s temporary pullback, highlights the sensitivity of leveraged positions to price swings. However, the broader market sentiment appears resilient. On-chain metrics suggest that the drop has not derailed the overarching bullish case, with accumulation patterns and wallet activity pointing to sustained demand [3]. Analysts on platforms such as TradingView have noted that Bitcoin’s consolidation near $118,000–$120,000 resembles a bullish flag or pennant formation—a technical pattern often preceding extended rallies [4].

The whale’s $23.7 million bet, disclosed through on-chain tracking tools, underscores confidence in Bitcoin’s ability to break through key resistance levels. While $200,000 remains a speculative target, the wager aligns with broader market narratives that anticipate heightened institutional adoption and macroeconomic tailwinds this year. Notably, the prediction does not reflect current price action but rather a forward-looking outlook based on macroeconomic cycles and network fundamentals [5].

Technical analysts caution that the $115,000 level will likely face repeated tests in the near term, with outcomes determining whether the $200,000 projection gains traction. The recent liquidations, while disruptive, may ultimately serve as a filtering mechanism, eliminating weaker positions and paving the way for more structured buying. Market participants are advised to monitor whale activity and funding rates in perpetual futures contracts, which could offer early signals of trend reversals or accelerations [6].

The crypto research firm Messari reported that the whale’s bet is part of a broader trend of large players locking in positions ahead of anticipated market catalysts, such as the upcoming Bitcoin halving event in 2026. However, the firm emphasized that such predictions should be interpreted cautiously, as they hinge on assumptions about macroeconomic conditions and regulatory developments [7].

Source: [1] [Bitcoin Slides to $115K as Dow Jones Rally Stalls at December-January High] [https://messari.io/]; [2] [BTCUSD - Bitcoin grabs $115K liquidity as whale bets on ...] [https://mx.advfn.com/bolsa-de-valores/COIN/BTCUSD/crypto-news/96498262/bitcoin-grabs-115k-liquidity-as-whale-bets-on-20]; [3] [BTC to BNB: Bitcoin Price in Binance Coin] [https://www.coingecko.com/en/coins/bitcoin/bnb]; [4] [Technical Patterns Suggesting Continuation] [https://in.tradingview.com/symbols/BTCUSD.P/ideas/?exchange=DELTAIN]; [5] [Bitcoin Perpetual futures, quoted, settled & margined in US ...] [https://in.tradingview.com/symbols/BTCUSD.P/ideas/?exchange=DELTAIN]; [6] [BTC to PHP: Bitcoin Price in Philippine Peso] [https://www.coingecko.com/en/coins/bitcoin/php]; [7] [Platinum Crypto Academy: How to Trade Cryptocurrency in ...] [https://www.platinumcryptoacademy.com/].