Whales Flee Bitcoin, Yet BTC Still Stands Strong

Bitcoin sits near $89,700, about as thrilling as a blockchain with zero transactions. Still, a quiet drama is playing out on chain. Large holders—those with 1,000 to 10,000 BTC—have been trimming their stacks. On‑chain data shows the 30‑day count of whale addresses hitting its lowest point since late November. It feels like the big players at a poker table are cashing out their chips while the rest of us wonder if we should follow.

But the story has a twist. Even with the whale exodus, Bitcoin isn’t crashing. It’s holding steady, as if saying, “I don’t need your support, whales.” This resilience is backed by the Bitcoin Seller Exhaustion Constant, which suggests selling pressure may be running out of steam. Historically, when this metric hits a level like the current 0.019, it often marks a local bottom. The last time it was this low, Bitcoin traded around $83,500—and then rallied over 33% in the next six weeks. So while whales rotate into Ethereum (because, let’s face it, ETH is having its moment), Bitcoin is quietly flexing its resilience.

That doesn’t guarantee a rally, but it does hint that downside risk is shrinking. Bitcoin is currently holding above $89,250, a key support level. If it can reclaim $91,320, momentum could shift quickly, potentially opening the door to $94,660. But if it drops below $89,250, we might see a dip toward $87,570 or even $85,900. So while the whales chase the next big thing, Bitcoin is playing the long game—proving once again that it doesn’t need a whale’s blessing to stay afloat.