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Bitcoin Price Outlook: Whales Bought Trump-Led Dip With $100K Back in Focus

By
Yashu Gola
Published: Jan 23, 2026, 05:00 GMT+00:00

Key Points:

  • Glassnode shows 1,000–10,000 BTC addresses accumulating since mid-December, the fastest pace since early 2025.
  • Similar whale behavior during earlier tariff-driven volatility preceded a 70% BTC rally to new highs.
  • Bitcoin bounced again from the flag’s lower trendline, a level that has triggered past multi-week rallies.
Bitcoin bull

Bitcoin (BTC) is again showing a familiar split between price volatility and “whale” behavior, increasing its odds of rebounding toward $100,000 in the coming weeks.

Whale Accumulation Fastest Since April 2025

Bitcoin supply held by addresses with 1,000–10,000 BTC began rising in mid-December, according to data resource Glassnode. It stayed in an uptrend through January, even as BTC pulled back from recent highs amid US President Donald Trump’s tariff-driven volatility.

The divergence suggests that large holders treated the headline-led dip as an opportunity for accumulation, adding exposure during risk-off swings instead of cutting their positions.

Bitcoin supply held by addresses with 1K-10K BTC balance. Source: Glassnode

In March–April 2025, the same whale cohort increased its BTC supply at a comparable pace while prices weakened amid Trump tariff threats.

Once the headline pressure eased, BTC stabilized and rose by around 70% to reach a new record high at around $126,200. That reinforced the idea that whales treated the drawdown as an accumulation window.

BTC/USDT daily price chart. Source: TradingView

The current setup is similar: whale balances are rising just as spot price attempts to rebound.

Bitcoin Technical Analysis: $100K is Achievable

Bitcoin is again bouncing from the bull flag’s lower trendline, a level that has repeatedly acted as support since late November.

Each prior tag of this rising support zone produced a swift mean-reversion rally inside the flag, roughly 12%–15% over 2–4 weeks, before price ran into overhead resistance near the upper boundary.

BTC/USDT daily price chart

The latest rebound follows the same script: BTC defended the lower trendline and is attempting to reclaim key moving-average resistance, including the 50-day EMA.

If the pattern holds, the next upside swing could carry BTC back toward the flag’s top and into the $98,000–$100,000 area, with a clean break opening the door to a move above $100,000.

Overhead Liquidation Clusters Point to $100,000

Bitcoin’s liquidation heatmap keeps the $100,000 case alive because the densest leverage sits above the current price, starting from the $90,000–$93,000 band and stacking higher into $96,000–$99,000 and ~$100,000.

BTC/USDT liquidation heatmap on Binance. Source: Coinglass

These bright liquidity clusters act like magnetic zones: as price approaches them, forced buy orders from short liquidations and stop-losses can accelerate the move, pulling BTC into the next pocket of liquidity.

In that setup, a clean reclaim of $90,000 increases the odds of a cascading “short squeeze” that stair-steps through overhead clusters, turning $100,000 from a target into a natural liquidity destination.

About the Author

Yashu Gola is a crypto journalist and analyst with expertise in digital assets, blockchain, and macroeconomics. He provides in-depth market analysis, technical chart patterns, and insights on global economic impacts. His work bridges traditional finance and crypto, offering actionable advice and educational content. Passionate about blockchain's role in finance, he studies behavioral finance to predict memecoin trends.

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