TechFlow reported on January 11 that according to TradingView data, whale long positions have started to decline significantly after reaching a peak of 73,000 BTC in December last year. Traders often view whale behavior as an indicator of future price trends. Historically, whales liquidating their positions after local peaks has frequently preceded BTC price increases.
Commentator MartyParty noted on social media: "Bitfinex whales are actively closing BTC longs—a signal that historically often precedes significant volatility." He mentioned the last such "liquidation" occurred in early 2025 when Bitcoin stalled around $74,000.
Using the Wyckoff method to analyze changes in whale activity, MartyParty pointed out that last year's decline in long positions almost precisely coincided with the BTC/USD drop below its low at $75,000. This low, known as a "spring," marked the beginning of a new upward move.
He added, "That liquidation cleared leverage and sparked a 50% rally within 43 days, sending prices surging to $112,000." Currently, Bitcoin is consolidating around $91,500, and a similar pattern suggests a target above $135,000.
