Bitcoin Remains Flat, Yet With Some Whales Offloading, New Investment Flows In: Coming Up, $120,000?
Bitcoin values are steady, rebounding following last week’s decline. While whales are offloading, there is robust interest from institutions and Strategy who are gathering. Will BTCUSDT climb to $120,000?
Bitcoin bulls faced a setback on Friday, sharply liquidating positions. Nevertheless, buyers swiftly intervened over the weekend, calming prices prior to a rebound earlier today.
In spite of this positive uptick, traders are looking for more confirmation before increasing their stakes, anticipating another round of higher highs between $112,200 and $120,000. Should bulls take off, some of the top Solana meme coins might surge to new all-time peaks.
(BTCUSDT)
Why Are Bitcoin Whales Offloading?
While remaining optimistic, Glassnode analysts indicate that bulls might longer hold out if the current pricing trends continue.
Their insights highlight significant market transformations as whales, critical price influencers after the acceptance of spot Bitcoin ETFs in early 2024, seem to be cashing out.
On X, Glassnode points out that BTC whales possessing at least 10,000 Bitcoin have shifted to net sellers, reflecting a crypto wallet flow metric around 0.3.
As of May 26, the >10K $BTC group has shifted to net distribution (~0.3), indicating a significant change in positioning among the largest holders. In addition, accumulation remains widespread, yet leadership is moving down the wallet size hierarchy:
— glassnode (@glassnode) May 26, 2025
Whales with holdings between 1,000 and 10,000 Bitcoin are also slowing down, as their digital wallet flow metric has decreased to 0.8.
Likewise, those with 100 to 1,000 Bitcoin have seen a drop to 0.7.
This overall decline in accumulation signals that, despite historical price highs, the upward trajectory is losing steam as big investor activity diminishes.
The reduction in accumulation might imply that BTC is entering a late-stage optimistic phase, with major participants cashing in on profits while anticipating a rotation of capital.
Will Institutions Propel BTC to $120,000?
Notably, institutions remain engaged, actively buying and creating buyer interest for some of the top meme coin ICOs.
As of May 23, SosoValue statistics reveal over $211 million in spot Bitcoin ETF acquisitions, mainly through BlackRock.
Other issuers, such as Fidelity and Grayscale, reported outflows. Institutional participation typically stabilizes prices by reducing token supply, creating a welcomed floor.
(Source)
If inflows persist this week, they could mitigate big investor distribution, alleviate selling pressure, and set the path for advances above $112,500 to $120,000.
This movement would be a relief for retail investors, as short-term holders, or addresses acquiring BTC in the past three months, are currently up 27%. Historically, short-term holders, primarily speculators, often sell when profits exceed 40%, leading to increased volatility.
(Source)
An analyst on X forecasts price increases over the forthcoming two weeks, predicting a upward movement by mid-June that may usher speculators into profitability and lead to profit-taking.
Should institutions and whales absorb this selling, the trading market could avoid a significant downturn, elevating prices to unprecedented heights.
This outlook is bolstered by new capital flowing into the crypto market, reminiscent of the period from July to December 2024. More than 420,000 BTC is concentrated around $94,000, providing support in case of a crypto market decline.
(Source)
Strategy, formerly MicroStrategy, has reinforced the potential for more gains, increasing their BTC holdings.
(Source)
They purchased $427 million worth of Bitcoin, raising their average buy price to $106,000 and increasing their total to 580,250 Bitcoin.
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Bitcoin Whales Selling While Institutions Buy: BTCUSDT Aiming for $120k?
- BTC prices stabilize post-dip
- BTC whales are offloading
- Institutions and Strategy are accumulating
- BTCUSDT could surge to $120,000 if bulls prevail
The post BTC Stagnates, But as Some Whales Sell, Fresh Capital Enters: Up Next, $120,000? appeared first on 99Bitcoins.
