Bitcoin ‘og Whales’ Sell $286m, But Odds Of $100k BTC Remain High (2026)
Bitcoin whales sold $286 million of BTC in January, but a slowdown in the distribution and accelerating bullish momentum could send BTC to $100,000 before the end of the month.
Bitcoin (BTC) onchain data shows BTC whales are active as the price attempts to extend its breakout from the $90,000 level.
Bitcoin whale spending surged to $286 million, the largest spike since early November.
Momentum indicators are bullish, but volatility is likely this week.
Data from Capriole Investments indicated that OG Whale spent value, i.e., Bitcoin moved after remaining dormant for more than seven years, jumped to roughly $286 million on Jan. 10. This marked the strongest resurgence in old-coin activity since November 3, 2025, when the metric spiked near $570 million and coincided with BTC’s market correction.
While such movements often raise fears of distribution, the OG whale activity reflects strategic profit-taking rather than panic selling.
Despite this, onchain data suggested Bitcoin remained in a better position to absorb this supply. According to Glassnode, long-term holder distribution has decelerated sharply with net outflows rolling over from previously extreme levels, signaling that much of the overhead supply from older coins may already be worked through.
A recent report from Cointelegraph also highlighted multiple signals pointing to a slowdown in long-term selling pressure, which could lead to price expansion. Likewise, accumulator addresses, wallets that consistently buy without distributing, have continued to add BTC in 2026, amassing nearly 136,000 BTC in just 11 days this month.
Related: Fed rate cuts under fire: 5 things to know in Bitcoin this week
From a technical standpoint, Bitcoin’s momentum structure continues to improve. BTC’s 5-day MACD has flipped bullish, a setup last seen near the 2022 bear market bottom. Previously, this signal preceded a rally of more than 430%, noted by crypto commentator Myles G.
Source: CoinTelegraph
