Bitcoin Eyes $150K Breakout Amid Whale Activity and Liquidity

Bitcoin Eyes Bullish Breakout as Whale Moves and Liquidity Align

As momentum builds in the crypto market, traders are turning their attention to Bitcoin (BTC). On-chain data and recent indicators point to a possible move, with a combination of momentum, and whale activity indicating market complexity.

Analyst Merlijn The Trader noted a MACD crossover on the four-hour chart. The analyst suggested that the asset is turning bullish, as observed in the previous setups that resulted in over 70% growth. These historic indicators match high liquidity and accumulation, often the onset of bull markets.

BTCUSD 1W CHART | SOURCE: X

Moreover, this MACD indicator coincides with the post-halving trend, which led to new highs in the past. All crossovers have led to months of positive momentum stemming from institutional inflows and rising retail involvement. If the trend continues, the token could reach $150,000 or beyond in the next stage. However, traders are cautious of a failed confirmation, which would slow near-term gains and extend the current consolidation.

Dormant Coins Move

Meanwhile, statistics from Coin Bureau show an increase in old-coin flow, as BTC worth $4.16 billion that has been inactive for more than three years has been transferred. This represents the greatest repositioning this year, which suggests that long-term investors are repositioning.

Bitcoin Spent Out Bands | Source: X

While these changes could be viewed as profit-taking, it is also considered strategic repositioning in institutional and OTC platforms. In the past, it was accompanied by periods of increased volatility as supply and demand reestablished across markets.

If these coins find their way to the exchanges, selling pressure could develop. But in the case of custodial transitions, the entire formation is bullish. In both instances, traders need to keep a close attention on the inflows in the exchange to know whether this change has implications on the depth of liquidity or is just a portfolio management by the large holders.

Liquidity Clusters Define Risk Levels

Furthermore, analyst Ted referred to liquidity concentrations between $116,000 and $118,000 levels as a strong defense zone. These pools give price action, particularly when the correction occurs during high volume. If ETF inflows stabilize and buyers defend this level, it could rebound, where a breach will result in greater retreats.

LIQUIDITY HEATMAP | SOURCE: X

The market is at important points, as bullish momentum indicators suggest, while whale and liquidity data caution that the following weeks will determine the trajectory of BTC throughout the year. At press time, Bitcoin is trading around $122,000, consolidating at important technical and psychological levels.