Key Takeaways
- Bitcoin’s $3.5 billion profit exit and a rare 248K BTC accumulator spike now clash with looming liquidation zones. Could a breakdown below $110K unravel conviction, or is this a final shakeout before liftoff?
Bitcoin [BTC] lost bullish momentum for the first time since it crossed $120,000. In the last 24 hours, the asset dropped 4.28%, a press time, to the $116,000 region.
With both long-term and short-term holders triggering a sell-off, the question now is whether accumulators will follow this trend and offload their positions.
AMBCrypto breaks down the possibility.
$30 billion purchase met with caution
Bitcoin accumulator addresses—wallets known for buying BTC and never selling—stepped in again in the past day. They scooped up 248,000 BTC worth over $30 billion at press time.
This marks the group’s largest single-day purchase this year, bringing their total for the month to 164,000 BTC, according to CryptoQuant.
Source: CryptoQuant
CryptoQuant analyst Darkforest warned,
“If BTC enters a phase of correction or consolidation, some of these addresses could start selling.”
Such a move would likely spark a notable decline and could shift these wallets out of accumulator status.
Curiously, investors seem to be setting off a wave that could prompt these very sell-offs.
Cashing out at Bitcoin’s expense
Investors are exiting the market quickly.
Glassnode data confirmed a $3.5 billion realized profit in the last 24 hours.
The sell-off came from both long-term holders (LTHs) and short-term holders (STHs). LTHs led the way, cashing out $1.96 billion (56%), while STHs offloaded $1.54 billion (44%).
Source: Glassnode
This coordinated exit marked one of the largest cash-outs this year, signaling waning confidence in short-term upside. Historically, events of this magnitude have preceded broader market corrections.
With rising profit-taking pressure, Bitcoin risks sliding toward $115,000 or potentially lower.
Market should brace for intensity
The recent price dip could be just the beginning.
On the daily chart, analysis reveals signs of further decline. A Gravestone Doji candlestick has formed at the recent peak, pushing price action into the overbought region of the Bollinger Bands, at the time of writing.
Bitcoin may plunge further toward the identified demand zone between $115,000 and $111,000, with a midpoint at $113,611.01.
Source: TradingView
The Bollinger Bands suggest additional downside, pointing to $111,073 as a potential key level. At press time, this is the zone of interest.
Although an upside rebound is possible, more downside risks are in play.
Liquidity clusters could push prices lower
CoinGlass’ 24-hour BTC/USDT Liquidation Heatmap shows heavy liquidation clusters between $114,000 and $117,000, with intense leverage exposure stacking below $115,000.
Source: CoinGlass
If Bitcoin fails to hold these zones, it could trigger a cascade toward $110,578.
That would test the limits even for long-term accumulators—and may lead to additional offloading if confidence breaks.
