Bitcoin Sell Pressure Mounts, $90K Level Breached

Bitcoin has just lost a key threshold below $90,000, reviving doubts about the market’s strength. Between massive profit-taking by long-term holders and liquidity inflows from whales, selling pressure intensifies. In the face of this shock, buyers struggle to contain the decline. The balance is fragile as speculative appetite confronts increasingly vulnerable technical supports.

Massive sales by long-term holders : towards a new correction zone for bitcoin ?

Breaking the $90,000 threshold was accompanied by an influx of liquidity from major wallets.

According to CryptoQuant, “whales have deposited over $400 million in BTC on exchange platforms”, marking what analyst Amr Taha calls the “second wave of aggressive selling pressure” within a few weeks.

He specifies : “historically, such massive deposits on exchanges signal a desire to sell or at least an increase in available liquidity for distribution”. This phenomenon was already observed on January 15th, with a previous peak of $500 million.

Meanwhile, Glassnode data shows notable behavior from long-term holders. “68,650 BTC have been sold over the past 30 days”, according to the report, confirming a post-rally redistribution dynamic.

This phase is accompanied by technical indicators confirming weakening buyer support. Zones to watch, according to several analysts, are :

• The technical support around $87,300, corresponding to the 100-week simple moving average ;
• The $84,000 to $86,000 range, identified as a potential consolidation zone in the past ;
• The key level of $80,500, the local low reached on November 22, which would act as the last support before a more marked breakdown.

This bundle of technical elements and on-chain data increases the risk of a more extended correction if the market fails to hold above these thresholds.

Technical levels to defend : hope for stabilization for bullish investors

While selling pressure currently dominates, some signals reveal a possible slowdown of the move. Bitcoin is now situated near a support zone already tested multiple times over the past months.

Analyst Michael van de Poppe mentions a potential technical floor : “we might see a short-term bounce, but no reversal”. He identifies the $84,000–$86,000 range as a level likely to slow the decline, reinforced by a four-hour RSI “as oversold as at the time of the drop to $80,000”.

Other technical elements suggest a confluence zone favorable to pausing the correction. BTC is currently trading just above the 100-week simple moving average, located around $87,300.

Below, the psychological level of $84,000 stands as a critical threshold, reinforced by the local low of $80,500 reached on November 22. A clear break of this zone would expose the market to new turmoil, while holding above could offer a base for a gradual recovery.

The bitcoin price remains tense, caught between persistent selling pressure and fragile support zones. Holding current levels will be decisive for the next phase of the move.