Bitcoin price has spent several sessions securing a close above $90,000. The crypto king has been wandering just below this psychological barrier for almost three weeks.
While this long period of stock declines suggests momentum is building, it’s still possible that another whale selloff could delay a definitive breakout.
Bitcoin Whale is selling significantly
Mega whale activity has been intensifying since late December 2025. Wallets holding between 10,000 and 100,000 BTC sold a total of more than 50,000 BTC in just four days, pushing their balances to a two-month low. At current prices, these sales amount to more than $4.47 billion, reflecting the caution of large holders.
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Such selloffs often indicate a decline in confidence from influential market participants. Giant whales typically shape broader price trends due to their size. Despite this pressure, Bitcoin prices continue to rise, suggesting that demand from other tiers is absorbing supply and supporting the current rally.
Macro data provides additional context regarding Bitcoin’s resilience. The cost-based distribution heatmap identifies three major resistance zones. The first (red line above the price) is between $88,000 and $88,500, with approximately 201,474 BTC accumulated and forming a strong demand base.
The next resistance level appears around $90,500, a level associated with purchasing a total of 97,766 BTC. If this zone can be cleared without triggering a massive sell-off, further upside may be possible. Above that, $92,700 emerges as a major level, supported by historical accumulation of approximately 170,763 BTC.
Bitcoin has already broken above the lower resistance band, consolidating short-term strength. Being able to maintain above $88,500 reduces downside risk. But sustained progress now depends on market participants resisting the urge to allocate at higher cost-based levels.
BTC price needs to secure this support level
At the time of writing, Bitcoin is trading around $89,543, still below its one-month downtrend line. Despite this technical constraint, the price trend continues to compress towards the $90,000 threshold. This setup is often done before a strong directional move when momentum is building.
It looks increasingly likely that it will exceed $90,000. If the support at $90,308 is secured, the bullish continuation will be confirmed. If achieved, Bitcoin could next target $92,031, assuming whale selling pressure eases and broad demand holds.
Downside risks remain if the distribution of giant whales accelerates. Increased selling could stall the breakout and push BTC back towards the support at $88,210. Such a move would widen the range-bound trade and delay confirmation of a sustained rally above $90,000.
