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Bitcoins buyers are back, but sellers are still overwhelmed with futures and spot markets.
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Closed Labor Day market markets and the threat of selling whales OG Bitcoin could send the BTC price to $ 105,000 and below.
Bitcoin (BTC) Trades in the middle of rocky waters because the price is trying to keep over $ 108,000, and at the moment there are no signs of recovery in sight. Traders are cautious about the fact that Wall Street was closed on the Labor Day on Monday and transplanting the Bitcoin Whale, which potentially interprets another billion BTC tranhes in the open market.
The Bitcoin Whale sold another 4,000 $ Btc buy $ ETH.
In less than 2 weeks, this whale was sold over $ 32,000 and bought over 870K Ethereum worth $ 3.8 billion.
Still holding 50k+ BTC, for which it will most likely be sold $ ETH. pic.twitter.com/ac3iyhom4a
– TED (@tedpillows) 31 August 2025
Remarkable transfers and sales from long -term bitcoin wallets of whale size and revenue to ether (Eth), declining influx to BTC ETFS and weakness at the end of the week in Dow, S & P500 and NASDAQ weighs sentiment investors. It contributes to pressure to the rhetoric of President Trump USA to the tariffs and the reaction of markets to the President’s attempts to take control of the Federal Reserve Council.
Some longer positives are the expectations of the market participants that the Fed will begin to reduce interest rates at the end of September or October, but these hopes were not enough to improve the short -term investors’ sentiment.
From a technical point of view, Intraday continues to be primarily driven by the Futures Futures market, where the cumulative Delta volume shows sales from 10,000 to 10 million binance Cohort far surpassed shopping in the place and futures in Binance and Coinbase.
While sales in futures continue to suppress bitcoin prices and data show that short positions thickens every time unsuccessful attempt to overturn support, A spot buying at a cohort of a retail size (100 to 10k) is bought by each new low.
Related: Will the price of bitcoins fall in September?
As shown in the graph below, the offer and application ratio (set to 10% depth of the point book) shows the buyers who bite when the price dropped to $ 112,000 to $ 111,000 and again, because BTC descended to $ 107,200 on Friday. It is worth noting that before 19 August the metric did not indicate an instance of the book of orders, which has more offers than the seller orders from 22 June, when the price of BTC dropped below 98 000 USD.
The 30 -day thermal map of bitcoins shows that the disadvantage of liquidity is still absorbed, while the most important cluster of $ 104,000.
In a shorter time frame of 1 -hour graph BTC/USDT on TRDr.io It shows offers that appear at $ 105,000, $ 102,600 and $ 100,000. Setting the book book to 10% depth, there are also offers in the zone of 99 000 to 92 000 USD.
While buyers prove that they want to buy drops to a new minimum, the liquidity of orders in combination with the weakness of BTC prices favors the disadvantage and sellers will continue to overload the buyer. Wall Street (A Spot BTC ETFS) will be closed on Monday, and the OG whale be whales overlap on the open market will probably continue to weigh the prize in the short term.
This article does not contain investment counseling or recommendations. Each investment and business step includes a risk and readers should do their own research in decision -making.
