Jakarta, Pintu News – Bitcoin has shown a market reaction following a major hoarding by whales, in which one major entity bought 1,000 BTC worth about $89.2 million to capitalize on recent price pressure and a potential short-term trend reversal.
These purchases come as demand from spot platforms such as Binance and OKX begins to show signs of recovery, while selling pressure from other exchanges continues to be felt. This report provides an overview of the dynamics of major buyers and their implications on BTC price around key support levels.
1. Whale buys 1,000 Bitcoins worth $89.2 million
The big whale bought 1,000 BTC from OKX in two batches of 500 BTC each, totaling about $89.2 million. These purchases indicate significant buying interest from large investors at a time of relatively low prices. This action is often seen as a signal that the whale sees attractive long-term value in BTC.
Read more: 5 Key Gold Price Predictions for 2026-2030 in the Context of Global Asset Markets
2. Bitcoin maintains support level
After declining from around $86,000, Bitcoin managed to hold the $88,000 support level before stabilizing back around $89,000. This suggests that whale purchases may have helped absorb greater selling pressure. This support is an important reference point in short-term technical analysis.
3. Selling pressure from US Curbs Momentum
Despite increasing activity on exchanges such as Binance and OKX, investor selling pressure on Coinbase remains high. The negative Coinbase premium index indicates that selling on US exchanges continues to pressure BTC prices. Negative expectations of the US domestic market could delay a strong recovery if not covered by large accumulations.
4. Spot Netflow Indicates Buyer Dominance
Bitcoin showed a negative net flow on exchanges in the most recent period, meaning more BTC went out of exchanges than came in. These outflows are often attributed to accumulation by long-term investors or whales moving assets into private wallets. Negative net flows can also reduce available liquidity for selling pressure.
5. BTC Market Momentum Indicator
The relative strength index (RSI) indicator has risen from around 35 to 46, but is still within the bearish zone. This suggests that despite the buying, the bullish momentum is not yet strong enough to cause a significant uptrend. The RSI remaining in negative territory indicates the risk that the price may remain range-bound if the selling pressure continues.
6. Broader market context
The recent Bitcoin price did not show a major breakout after a period of high volatility and negative ETF net flow fluctuations. Outflows of spot BTC ETF products, such as about $147.3 million, show that not all investor capital is in the accumulation phase. Global factors such as macro sentiment and traditional market movements also affect BTC demand.
7. Implications for Crypto Investors
This whale action is important as a potential signal of stronger demand from large investors, especially when the Bitcoin price rises against technical support. Young and novice investors should understand that large purchases can absorb some of the selling pressure, but do not guarantee a sustained bullish trend without a strong fundamental catalyst. A combination of on-chain and technical analysis can help determine the likelihood that the price will move above key resistance or remain in consolidation territory.
Also Read: 5 Important Insights Predicting SHIB Will Fall Before New ATH Is Reached
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* Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.
Reference – AMBCrypto. Bitcoin: Could $89 Million in Whale Buying Help BTC Clean Up Its Recent Losses? Accessed 29 January 2026.
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