Bitcoin Goes Full Send As Whales Front-Run The Rally

Bitcoin (BTC)’s latest breakout is sending a clear signal across the market, and it’s one that experienced traders know well, telling us that smart money is buying.

After weeks of tight consolidation, Bitcoin has finally broken above its descending structure with strong volume and improving momentum indicators. As it happens, BTC is currently trading at $96,820.93, up 1.8% on the day, gaining 7.2% across the week, and advancing 11.3% on the month.

According to multiple analysts, the breakout confirms an ascending triangle pattern that has been forming since early December, opening a clean path toward the psychological $100,000 level.

Technical analyst Matthew Hyland confirmed the move in an X post on January 15, which comes in line with his earlier observations that Bitcoin’s breakout came with “good volume and healthy RSI”, a combination that historically supports continuation rather than rejection.

CryptoJelleNL echoed the sentiment, pointing out that Bitcoin has already taken out its first major liquidity pocket and now only needs to hold the $94,000-$95,000 zone to keep the rally intact. As he pointed out before, “The road to $100K is wide open.” 

But the most important signal may be happening under the surface.

Whales Are Buying While Retail Capitulates

On-chain data from Santiment shows a classic accumulation pattern forming. Since January 10, wallets holding between 10 and 10,000 BTC, often referred to as whales and sharks, have accumulated more than 32,693 BTC. At the same time, retail wallets holding less than 0.01 BTC have been selling.

This creates what Santiment calls a “Very Bullish” setup: whales accumulating while retail exits.

Historically, this dynamic tends to appear near the early stages of major expansions, as institutional and long-term capital positions are ahead of broader market participation.

Adding to the bullish setup, social sentiment has turned increasingly bearish, even as the price rises. According to Santiment, Bitcoin commentary across social media is now showing the most fear and doubt in over 10 days. That’s often a contrarian signal.

Markets tend to move opposite to retail sentiment, and rising FUD during an uptrend has frequently preceded powerful continuation rallies.

Structure Still Favors Expansion

Longer-term cycle analysis from EGRAG CRYPTO suggests Bitcoin’s macro structure remains intact despite last year’s cooling phase. While previous cycles followed a strict three-green, one-red yearly candle pattern, the current cycle appears to be evolving rather than breaking.

As long as Bitcoin holds above the $90,000 macro support zone and continues printing strong monthly closes, the probability still favors a green expansion year. For now, the charts are aligned, liquidity is opening, and smart money is positioning. 

Bitcoin’s breakout is real, and the race toward $100,000 is already underway.

Bitcoin Price Today

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