Data from TradingView shows that major holders on Bitfinex have been reducing their long positions since a late-December peak of 73,000 BTC. This follows a broader decline in whale holdings of about 220,000 BTC throughout 2025, a shift that has analysts and traders weighing what might come next.
Price action has remained steady, with Bitcoin trading in a tight range between $88,000 and $92,000 as the market searches for direction.
Whale Activity and Historical Trends
Some traders interpret this as a classic unwind pattern that often comes before price increases. In early 2025, a similar drop in long positions occurred while Bitcoin dipped below $74,000, only to stage a strong rebound. That recovery saw prices climb to around $112,000 within 43 days after positions were cleared.
Commentator MartyParty on X referenced that earlier episode, noting that Bitfinex whales are “aggressively closing $BTC longs,” behavior that has historically preceded significant volatility.
Market Breadth and Investor Composition
On-chain tracker CryptoQuant reports that overall whale holdings have fallen by more than 200,000 BTC over the year, while smaller investors have increased their exposure. Some see this shift as a sign of broadening ownership. A wider base of coin holders can help support price movements, though it doesn’t guarantee higher prices—it does, however, change how risk is distributed across the market.
Price Range and Key Levels
Traders are monitoring a near-term resistance level around $94,000, which has limited several rallies. Bitcoin is currently trading near $91,500. A sustained break above $94,000 with strong volume would provide more confirmation for bullish momentum. On the other hand, if Bitcoin fails to move higher, the range could expand to the downside, especially if funding costs rise or liquidations increase.
Pattern Projections and Considerations
Some analysts are looking to past patterns to set potential targets. One scenario suggests that if a similar spring-and-rally sequence repeats, prices could aim for $135,000 or higher. However, this depends on market conditions aligning in a comparable way, which is not guaranteed.
Whales do not act as a single group; different holders may close positions for various reasons, and some trades are used for hedging rather than directional bets. Key factors to watch include volume, funding rates, and net positioning on major derivatives platforms.
A clean breakout above $94,000 accompanied by rising spot demand would support a bullish outlook. Conversely, increased selling pressure at that level could keep Bitcoin trading between $88,000 and $92,000 until a new catalyst emerges.
The current activity appears to be a setup in progress—one that could lead to sharp moves once the market chooses a direction.
Frequently Asked Questions
FAQs Bitcoin Whales Selling the 135K Price Target
Beginner Questions
What is a Bitcoin whale
A Bitcoin whale is an individual or entity that holds a very large amount of Bitcointypically enough that their buying or selling activity can noticeably move the market price
Why is it news when whales start selling
Its a major signal because whales have significant influence When several start selling it can create downward pressure on Bitcoins price and may indicate they believe the price has peaked or that theyre taking profits which can trigger a broader market selloff
What is the 135K price target
This is a specific optimistic price prediction for Bitcoin made by various analysts and institutions It suggests Bitcoins price could rise to around 135000 in the current or next market cycle The gaining traction part means this prediction is being discussed and taken seriously by more people in the crypto space
If the target is 135K why would whales sell now
Whales often take profits at different stages They might sell a portion of their holdings now to lock in gains after a recent price rise believing they can buy back in later at a lower price or because they think the runup to 135K wont be a straight line and will include dips
Should I sell my Bitcoin if whales are selling
Not necessarily Whale activity is one of many indicators Their selling might cause a shortterm dip but the longterm trend could still be positive Its crucial to have your own investment strategy and not blindly follow whale movements
Advanced Practical Questions
How can I track whale selling activity
You can use blockchain analytics platforms like Glassnode CryptoQuant or LookIntoBitcoin They track large transactions flowing to exchange wallets which is a common sign of selling intent
Does whale selling always mean a price crash is coming
No it doesnt always mean a crash Sometimes it leads to a healthy market correction or consolidation The impact depends on the volume sold market sentiment at the time and whether retail investors or other large buyers step in to absorb the sell pressure
Whats the difference between profittaking and a strategic exit