In the volatile crypto world, Bitcoin (BTC) stands out due to its developing liquidity-driven movements. Today, market analyst CoinGlass shared the latest chart dynamics for BTC, disclosing a consolidation phase that could trigger either a breakout or a greater range compression. Bitcoin dropped below the $90k psychological mark last week (on Wednesday, January 21), and since then, it has been trading below that level. Today, CoinGlass metrics show increased selling activity from whales and long-term holders, raising fears for greater falls ahead. The development happens as long-term holders heightened their profit-taking activity while whales accelerated token deposits on exchanges.
Bitcoin Selling Pressure Builds, Long-Term Holders Profit-Taking Accelerating
Today, on Tuesday, January 27, 2026, Bitcoin currently trades at $87,910, accelerating losses as broader crypto market interest weakened, and on-chain indicators show increasing distribution activity. As per CoinGlass data, recent market movements signal that big market players, commonly recognized as whales, are deliberately manipulating BTC prices. They target high liquidity zones to execute trades without substantial price impact.
The drop below the $90,000 mark is part of a wider calculated strategy (by whales) to liquidate leveraged retail positions and trigger stop-loss orders. The aim is to cause panic among retail traders, a move that allows whales to buy low and sell high. According to the CoinGlass data, the plan involves heavy sell liquidity above the $89,000 level while whale buy orders are defending the $86,000–$87,000 support zone. This approach allows big players to maximize selling profits while buying at lower levels, thus minimizing risks.
Long-term holders seem to be locking in profits amid the recent rally that made BTC shoot towards $95,000, reinforcing the ongoing consolidative structure.
What’s Next for Bitcoin
Bitcoin, which currently stands at $87,910, has been down 3.5% and 0.2% over the past week and month, respectively, as selling pressure overpowers buyers. The flagship cryptocurrency has lost the crucial support zone of $89,200; now, bulls are defending a critical level at the $86,000–$87,000. As Bitcoin tries to recover from its one-month low, some market observers believe that the ongoing, significant consolidation has left the asset in a vulnerable situation that resembles the beginning of a bear market noticed in 2022. According to a revelation disclosed today by market analyst Philarekt, BTC appears to repeat its 2022 playbook, indicating similarities between the token’s price action and bear market.
