Bitcoin’s Older Whales Are Selling as Ethereum Looks for Support

Cryptocurrency News

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.

2026-01-23

Legal 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.

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