OG whales spent $286M as Bitcoin seeks to extend breakout above $90,000

Onchain data shows so‑called OG Bitcoin whales moved roughly $286 million in coins on Jan. 10 as the price attempts to extend a breakout above the $90,000 level. Capriole Investments recorded the $286 million figure as the strongest resurgence in old‑coin activity since Nov. 3, 2025, when the metric spiked near $570 million and coincided with a market correction.

The movement has been characterised in the coverage as strategic profit‑taking rather than panic selling, and Glassnode data indicated long‑term holder distribution has sharply decelerated, with net outflows rolling over from previously extreme levels. Other onchain signals noted include accumulators adding nearly 136,000 BTC in 11 days this month and technical momentum improving: Bitcoin’s 5‑day MACD has flipped bullish, a setup last seen near the 2022 bear market bottom, which a commentator said previously preceded a large rally.

At the same time traders warned of near‑term pullbacks — one trader noted a recurring pattern that could briefly drag price toward $86,000–$87,000 — while aggregate order‑book data showed bid‑side liquidity outweighing asks and liquidity clustering between $89,200 and $89,700. According to the analysis cited, if demand holds and a liquidity sweep below $89,000 leads to price acceptance in the $89,000–$87,000 range, a strong rebound could open the door to a $100,000 test as early as next week.

Key Topics

Crypto, Bitcoin, Og Whales, Capriole Investments, Glassnode, Accumulator Addresses