Jan 10, 2026
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Bitcoin Nears $99K Resistance as New Whales Face Potential Sell-Off
The Bitcoin price has recently corrected and is now closer to $90,000. Analysts suggest significant resistance at just below $100,000.
Key Insights:
- New whales have an average entry price near $99,000, making it a potential selling point if BTC reaches this level.
- This could create psychological and technical resistance, as large investors might sell to minimize losses.
- Long-term whales have an average cost of $39,681, indicating they are in profit and less pressured to sell.
- Binance traders have an average holding cost of $52,691, also enjoying profits.
- Miner whales hold over 1,000 BTC with a cost basis of $58,681, suggesting minimal selling pressure from them.
Overall, Bitcoin maintains a structurally bullish outlook with strong investor support. Current retracements are likely due to light profit-taking rather than major sell-offs. As of now, Bitcoin is priced around $90,624.
