Bitcoin’s Older Whales Are Selling as Ethereum Looks for Support
Cryptocurrency News
2 min read time
|Updated: 2026-01-23
Jan 23 market action reflects a familiar late-cycle tension:
older
Bitcoin
holders are distributing, while
Ethereum is trading near a decision zone after failing to hold above $3,000. On-chain data suggests this isn’t pure panic — it’s a
rotation phase where supply changes hands.
Bitcoin (BTC): Long-Term Holders Trigger a “Transition”
CryptoQuant data shows a sharp rise in “revived supply” —
coins inactive for 2+ years moving again, confirming
record selling activity from long-term holders across 2024–2025.
What stands out this cycle:
-
The selling started well below current prices
-
It’s driven by older coins, not a frenzy of speculative inflows
-
Suggests a market ownership transition, not just a price move
Key idea: BTC isn’t only in a price cycle — it’s shifting
who holds it and why.
Ethereum (ETH): Bottom Scenarios Focus on $3K & $2.72K
ETH price briefly reclaimed
$3,000, but slipped back under the level as volatility persisted.
Analysts highlight two key zones:
-
$3,000–$3,050 reclaim → opens upside toward $3,200
-
If rejected again, a potential dip area emerges near $2,720 (roughly ~7% below current levels)
On-chain data adds a supportive layer: the
realized price of accumulation addresses continues rising and is approaching spot price — a signal that
larger holders are still building positions, not exiting.
CoinTR Insight
This looks like a
rotation market, not a clean breakdown:
-
BTC supply moving from older hands often creates choppy, headline-sensitive action
-
ETH decision zones tend to become liquidity magnets, where direction forms fast
In this environment, timing matters less than
execution and risk control. CoinTR’s
deep liquidity and
steady TRY–USDT flow can help users:
-
scale positions without rushing,
-
trade key levels with smoother fills,
-
stay flexible while volatility remains elevated.
Forward-Looking Takeaway
-
BTC: long-term distribution confirms a cycle transition
-
ETH: the market is watching $3K and the $2.72K support scenario
-
Expect volatility until positioning stabilizes and macro pressure fades
Important note: This content is for informational purposes only and does not constitute investment advice.
2026-01-23Legal Notice
The information, comments, and evaluations contained in this content do not constitute investment advice. This content is not intended to be prescriptive in any way and is intended to provide general information. It does not constitute investment advice. CoinTR cannot be held responsible for any transactions made based on this information or any losses that may arise.
Bitcoin Alarm Week: 5 Things BTC Holders Must WatchRecommended
Cryptocurrency NewsMacro Uncertainty Weighs as Flows Turn Negative On March 19, digital asset markets reflected a more cautious tone as ETF flows turned negative across major assets. Bitcoin and Ethereum both saw notable outflows, signaling a pause in recent capital engagement despite relatively stable price action. At the same time, macro developments remained in focus. The Fed’s decision to hold rates steady alongside ongoing geopolitical uncertainty reinforced a “wait and see” environment, while headlines around institutional accumulation and FTX repayments2026-03-19
Cryptocurrency NewsRegulation Takes Shape as Capital Flows Strengthen On March 18, digital asset markets reflected a constructive tone as regulatory clarity began to take a more defined shape in the United States. Reports that the SEC and CFTC may classify a group of major digital assets as commodities signal a potential shift toward clearer market structure. At the same time, ETF flows remained broadly positive across major assets, suggesting that institutional participation continues to strengthen alongside improving regulatory visibility. The combination of cl2026-03-18
Cryptocurrency NewsSolana Turns Six as Capital Flows Stay Positive On March 17, digital asset markets maintained a constructive tone as ETF flows remained positive across major assets, led by Bitcoin. Ethereum and Solana also recorded moderate inflows, suggesting that capital participation continues beyond a single asset focus. At the same time, broader market narratives were shaped by a mix of corporate treasury strategies and network milestones. While firms continue to accumulate Bitcoin and Ethereum, Solana’s sixth anniversary highlighted the network’s grow2026-03-17
