Bitcoin Whales Offload $3.4B in December as BTC Hits $92K Resistance — Glassnode

Bitcoin whales or large holders with 10,000 – 100,000 BTC have reportedly sold or redistributed around 36,500 BTC, worth roughly $3.37 billion since December. The recent whale sale is signalling that liquidity thins, and BTC is failing to move above a key resistance area around $92 K–$94 K. Glassnode, one of the leading blockchain data and market intelligence platforms that provides sophisticated tools, metrics, and research, has confirmed that Bitcoin’s largest non-exchange holders are de-risking and have already redistributed around $3.4 billion worth of Bitcoin. The platform asserts that the 10,000 to 100,000 BTC cohort’s selling or whale distribution is mainly due to the struggle to trade above the $94,000 resistance level after Wednesday’s Federal Reserve rate cut. 

According to the experts, this abrupt shift is interpreted as unloading (selling) rather than accumulation, meaning that large holders are taking profits. Currently, they are reducing exposure instead of adding to positions. They argue that when whales offload significant volumes, it creates selling pressure that dampens bullish momentum. According to the Glassnode data, the cryptocurrency market is also seeing reduced stablecoin liquidity, with stablecoin inflows dropping significantly since August. Mainstream medias report that current price levels of stablecoins are not capable of bringing BTC the fresh capital support needed for a potential breakout above $100,000. Recently, the U.S. Federal Reserve cut interest rates and announced it will pump liquidity into the economy by buying $40 billion in Treasury bills each month.    

Institutional Inflows Lift Sentiment, But Whale Sell‑offs And Weak Support Levels Keep BTC Volatile

Akshat Siddhant, Lead Quant Analyst at Mudrex, noted that Bitcoin was trading steadily near $92,000 as markets digested the Federal Reserve’s rate cut along with its plan to inject liquidity by purchasing $40 billion in Treasury bills each month. He explained that while this liquidity boost would have a stronger long‑term impact, near‑term sentiment was also improving, supported by renewed institutional flows. He also mentioned the improved institutional interest of Bitcoin and Ethereum; he stated that Bitcoin and Ethereum ETFs had seen more than $610 million in inflows over the past two days, which signaled growing confidence. He explained that for Bitcoin to move toward the $100,000 mark, a daily close above $94,140 would be crucial, with $90,000 serving as immediate support.

According to the earlier December reports, the cryptocurrency market was expecting whales to accumulate 47,000+ BTC after November’s selloffs, but the latest data from Glassnode highlights that BTC could face renewed distribution or sell-off risks. According to the analysts, if BTC failed to hold above the $88,000 support, it could trigger enhanced volatility. If BTC wants to signal an uptrend resumption, it must break above $94,000-$95,000 and stay steady within the price range.

The Bitcoin price has increased by approximately 2.29% in the last 24 hours. BTC is trading with a total market cap of approximately $1.84 trillion, making it the top-ranked cryptocurrency in the market. Despite the short-term positive momentum, the weekly performance and general performance have been on the decline. According to the latest market analysis, BTC has fallen nearly 1.48% in the last 7 days.