Overview
- BTC remains range-bound near $90,000–$94,000 and is repeatedly capped below $92,000, with technicians flagging ~$94,000 as the first key level to reclaim.
- Trading data shows large accounts on Bitfinex have been trimming or closing long positions since a late‑December peak of 73,000 BTC, a pattern some traders say has preceded sharp volatility.
- On-chain readings are mixed, with CryptoQuant reporting a roughly 220,000 BTC year‑over‑year decline in 1,000–10,000 BTC balances as the count of 100+ BTC addresses hits a record high.
- Newer whale cohorts have an average cost near $99,000, creating a potential supply zone just below six figures if price retests that area.
- A Satoshi‑era miner moved 2,000 BTC on January 10, market liquidity is tightly clustered around $88,000–$94,000, and downside watchers cite the ~$84,500 two‑year moving average as a key support.