Bitcoin Bloodbath: Whales Sell Off as Prices Plunge Below Key Support Levels!

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<a href="https://tech-oracle.com/btc-usd/">Bitcoin</a> Drop Wipes Billions From Recent Buyers: New Whale Cost Basis Falls Toward $90K

Bitcoin is trying to get back above $70,000 after a recent period of price swings. However, it hasn’t been able to stay above that level for long, indicating that buying interest is still weak. Every time the price briefly rises above $70,000, it’s quickly followed by increased selling. This suggests the market is still correcting downwards, rather than starting a lasting recovery. Overall, investors are hesitant, as trading becomes more difficult and they wait for more definite signs that prices are stabilizing.

As a crypto investor, I’ve been watching the market closely, and recent data from analyst Maartunn is pretty concerning. It looks like a lot of the big players – the ‘whales’ – who bought Bitcoin around $96,000 are now facing losses because the price dropped after briefly hitting those highs. Basically, those who jumped in late are now feeling the pressure as the price has gone down.

This situation indicates that some major investors are likely rethinking their risk levels, possibly by selling assets or shifting their investments due to general economic uncertainty and specific issues within the crypto market. This type of activity frequently leads to increased price swings, especially when investors close out leveraged trades.

Whale Capitulation Signals Market Redistribution Phase

As a crypto investor, I’ve been watching the market closely, and recent data from analyst Maartunn is pretty interesting. It seems like we’re seeing a shift in how Bitcoin is behaving, not just a simple price drop. What’s happening is a lot of larger Bitcoin holders are actually realizing losses – meaning they’re selling at a lower price than what they originally paid. We saw big spikes in these losses over a few days in early February – around $944 million, $431 million, $1.46 billion, and $915 million. Basically, these investors bought Bitcoin when it was more expensive and are now cutting their losses, which is a sign of changing market dynamics.

When investments experience losses, it often signals that those who bought in late during a market cycle are giving up. Big investors selling at a loss usually means they’ve lost confidence or are focused on reducing risk. However, this also means money is simply moving from those selling to new buyers who are willing to purchase at the lower price, not that the assets are disappearing.

Maartunn has observed that recent large investors likely bought in around $90,000. This means the price might face resistance if it tries to go higher, as many holders bought at that level.

Markets commonly go through periods of change where gains are reallocated. Even if things feel uncertain in the short term, changes in who owns assets and at what price can create a more stable foundation for future growth.

Bitcoin Price Structure Signals Continued Distribution Phase

Bitcoin’s price movements suggest that sellers still control the market, and strong buying hasn’t returned yet. After repeatedly failing to stay above the $90,000-$100,000 range, the price has been steadily falling, with each peak lower than the last and increasingly rapid drops. The recent fall to between $60,000 and $70,000 happened with a large increase in trading volume, which often indicates forced selling, panicked reactions, or significant shifts in investment portfolios.

Technically, the price is now below all the major moving averages, and these averages are all pointing downwards. This pattern often indicates a significant correction is underway, not just a brief dip. The fact that the price isn’t bouncing back up to these averages quickly suggests there isn’t strong buying interest and that larger investors are remaining cautious.

From my analysis, the $60,000 to $65,000 level is looking like a really important support area. If the price can stay above that, I think we could see some stability and a period of consolidation. But if we drop below it, I’m expecting we’ll find even more support levels tested, and potentially see a quicker increase in price swings.

In the short term, prices are fluctuating without a clear upward or downward trend. Until trading volume becomes more consistent and Bitcoin retakes important technical levels, any price increases are likely to be temporary. Currently, the market suggests that early investors are taking profits rather than new ones buying in, which means there’s still a significant risk of prices falling further.

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2026-02-11 11:07