Whales Return to Bitcoin Market as Miners Reduce Selling Pressure
Analysis firm Alphractal reports that Bitcoin whales are aggressively returning to the market, opening new long positions in anticipation of further price gains.
According to the firm’s latest data, Bitcoin’s 7-day Open Position Deltahas flipped positive, signaling renewed buying strength from large investors.
The firm’s proprietary Whale Position Sentiment indicator also confirms the shift, showing a clear tilt toward accumulation. These moves come just as Bitcoin begins to stabilize above the $108,000 mark.
“We’re now seeing the formation of a new base,” said Joao Wedson, CEO of Alphractal. “In technical terms, this is the ‘Last Point of Support’ (LPS), a critical setup for launching the next leg upward.”
Wedson believes that $113,000 is the next short-term target, cautioning that shorting BTC in this environment may carry elevated risk unless clear signs of long-term consolidation appear.
Miner Selling Cools as BTC.com Activity Declines
Alphractal also observed a significant decline in Bitcoin outflows from BTC.com, one of the largest mining pools. Historically, miner transfers to exchanges—especially Binance—have signaled upcoming selling pressure. However, recent behavior suggests the opposite.
“The reduced flow to Binance indicates that miners are now expecting higher prices and are holding instead of selling,” Wedson explained.
This slowdown in miner-driven supply supports the broader bullish setup and adds to the conviction that a new support level is forming under Bitcoin’s current price action.
Kosta Gushterov
Reporter at Coindoo
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
