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Bitcoin Price Battles Key Support Levels Following $1.2 Billion Whale Inflow
Bitcoin Price – Bitcoin recently experienced a significant liquidity flush just below the $116,000 level, sparking a period of sideways consolidation as traders brace for a potentially volatile week ahead. With the FOMC meeting scheduled for Wednesday, market participants are closely watching for major price movements influenced by the Fed’s upcoming decisions.
Technical Snapshot: Daily Chart Insights
Bitcoin remains trapped within a sharp ascending price channel, consolidating between support at $114,000 and all-time high (ATH) resistance near $123,000. The recent dip triggered a sweep of stop-loss orders and long liquidations clustered below $116K, followed by a short-lived rebound.
A notable event weighing on momentum was a historic whale transaction, where one of the oldest dormant wallets moved a large amount of BTC, increasing short-term selling pressure. Despite this, Bitcoin is holding firm in the channel, awaiting clarity from macroeconomic signals.
Short-Term Outlook: 4-Hour Chart and Whale Activity
On the lower timeframe, Bitcoin found support near the 0.5 Fibonacci retracement zone at approximately $115,000, sparking a reversal. The price also broke above a bullish flag formation, hinting at a possible move toward $123,000 if momentum picks up.
However, the biggest story this week is whale activity. On July 25th, Binance recorded a massive whale inflow of over $1.2 billion in BTC, marking the largest 30-day inflow in recent months. This influx led to immediate selling pressure, pushing Bitcoin from $120,000 resistance down to the current support range of $115K–$116K.
What’s Next for Bitcoin?
If buyers cannot absorb this surge of supply, the price could test lower support near $110,000. On the other hand, if Bitcoin rebounds from current levels, a retest of $121,000 and a shot at new all-time highs remain possible — all dependent on the Fed’s tone this Wednesday.
As the market waits in anticipation, Bitcoin’s price action and whale behavior are setting the stage for one of the most important weeks of 2025.
