Mega Whale Longs $1.91 Billion in BTC, Plans to Take Profit at $93,300

Bitcoin has remained just below the $90,000 level for nearly three weeks, despite repeated attempts to close above the psychological threshold according to recent analysis.
This consolidation phase has highlighted the influence of large whale selling, with significant outflows from wallets holding between 10,000 BTC and 100,000 BTC.
Mega whale activity suggests caution and potential for further volatility in the near term.
A single whale has recently built a long position of $1.91 billion in Bitcoin, with a target profit-taking level set at $93,300.
This move indicates a bullish stance from influential market participants, despite broader whale selling trends.
Such large-scale positioning can influence market sentiment and price dynamics.
The $90,000 level continues to act as a psychological barrier for Bitcoin, with resistance zones identified at $88,000 and $90,500.
Clearing $90,500 without triggering significant whale selling could unlock further upside potential.
Market participants are monitoring key support levels to gauge the likelihood of a breakout.

Why the Move Happened

Large whale selling has intensified since late December 2025, with wallets holding between 10,000 BTC and 100,000 BTC selling over 50,000 BTC in four days.
This activity reflects growing caution among top holders, as they reduce exposure ahead of potential price corrections.
The $4.47 billion in sales highlights the influence of whale behavior on market direction.
Despite this selling pressure, Bitcoin has continued to rise, suggesting strong demand from other investor segments.
This demand has absorbed the supply created by whale sales, supporting the current upward trend.
Such dynamics indicate a healthy balance between supply and demand in the Bitcoin market.

How Markets Responded

Bitcoin's resilience in the face of whale selling has reinforced near-term strength.
The price remains just below the $90,000 mark, with support at $88,000 proving effective in limiting downside risk.
Traders are now focusing on a potential breakout to confirm bullish momentum.
A breakout above $90,000 appears increasingly likely, with $90,308 identified as a critical support level.
Securing this level would confirm a continuation of the bullish trend and open the door to higher targets like $92,031.
However, sustained progress depends on a moderation in whale selling pressure.

What Analysts Are Watching

Market watchers are closely monitoring Bitcoin's ability to maintain strength above $88,000.
This support level reduces the risk of a pullback, but a failure to hold above it could trigger renewed selling.
Traders are also tracking whale behavior, as increased distribution could stall the price's upward movement.
The Cost Basis Distribution Heatmap provides further insight into potential resistance zones.
Key levels at $88,000, $90,500, and $92,700 remain focal points for price action and order flow.
A breakout above $90,500 without significant selling could confirm a move into higher ground.

The current situation reflects a delicate balance between whale selling and broader market demand.
Investors are advised to monitor price action around key levels and whale activity for signs of momentum shifts.
Breakouts above $90,000 may lead to a test of the next resistance zone near $92,700, depending on market conditions.