Analyst Says Bitcoin Selling Pressure Eases — Smart Money Is Buying the Dip

Bitcoin (BTC) is showing fresh signs of resilience amid October’s volatility, with on-chain metrics indicating a sharp decline in selling pressure and renewed accumulation by institutional heavyweights. As BTC hovers around $111,000—down from its $126,000 peak earlier this month—analysts point to whale activity and cooling exchange inflows as harbingers of an impending reversal in the 2025 bull cycle.

Blockchain analytics from CryptoQuant reveal that whale net selling, which dominated September, has eased dramatically in early October, with large holders (wallets over 1,000 BTC) shifting toward accumulation. Santiment data corroborates this, showing wallets in the 10-10,000 BTC range—key “smart money” players—adding over 20,000 BTC in recent sessions, up from modest gains in prior weeks. This mirrors historical patterns where institutional buying absorbs retail panic, often preceding 20%+ rallies.

Glassnode reports Bitcoin’s long-term holder (LTH) supply nearing cycle highs, with 97% of circulating coins now in profit—a late-bull marker that underscores structural demand over short-term noise. Exchange reserves have plunged to multi-year lows, further dampening sell-side liquidity, while ETF inflows topped $2.2 billion last week, bolstering spot support around $110,000-$117,000.

Market sentiment reflects this pivot: The Bitcoin Fear & Greed Index lingers at 25 (“Extreme Fear”) after seven straight days in red territory, a contrarian buy signal that historically flags bottoms. Crypto strategist Michaël van de Poppe warns of near-term chop but eyes a “healthy correction” to $119,500 as an ideal entry, paving the way for $150,000 by year-end amid Fed rate cut tailwinds and global liquidity surges.

On X, traders echo the optimism: “Whales slamming the brakes on sales—Uptober’s just getting started,” one post noted, amassing thousands of likes. Yet, risks persist, including geopolitical flares and tariff threats that sparked $19 billion in liquidations earlier this month.

For Bitcoin investors eyeing 2025 price predictions, this confluence of easing pressure and smart money inflows suggests consolidation before the next leg up. As van de Poppe quips, “Dips are where fortunes are made—zoom out for the macro win.” With miner selling at post-halving lows and dominance at 55%, the stage is set for BTC to reclaim highs, potentially targeting $130,000 if supports hold.