When this selling pressure is over, Bitcoin will have strength to go to new maximums.
$ 141,000 would be Bitcoin’s new goal after overcoming this resistance.
The Bitcoin (BTC) market lives a decisive moment after its third significant profit liquidation wave in this upward cycle.
The new whales, investors with more than 1,000 BTC, They led sales to exceed $ 120,000according to Data supplier On-Chain Cryptoquant.
This movement, although intense, has not broken the solidity of the asset, which is now positioned for a potential jump to new maximums when the outcome ends.
At the end of July, The profits made between 6,000 and 8,000 million dollarsa level comparable to the Picos of March and December 2024, reports the firm.
The new whales took advantage of the threshold of $ 120,000 to liquidate positions, evidencing a selling pressure that has not reduced market resilience.
In the graph of the left that shows the profits and losses of Bitcoin, the purple bar that represents the “profits made” shows a significant peak in July 2025 (area marked as 3.), which is clearly comparable in magnitude of the peaks observed around March 2024 (Area marked as 1.) and December 2024 (area marked as 2.). The new whales led the liquidations when the price exceeded $ 120,000.
This is corroborated in the right graph, “Bitcoin: profits made by whales – cohort”, where the blue bars, which represent the “new whales”, They show a very prominent proficiency activity in July 2025 (Area marked as 3.), overcoming the earnings of “old whales” (pink bars) in that period. This activity of the new whales is remarkably high, similar or even superior to the peaks of early 2024 (area marked as 1) and the end of 2024 (area marked as 2).
A historical sale
A clear example of the gain shots was reflected on July 26, when an extraordinary sale shook the market: a whale of Satoshi Nakamoto downloaded 80,000 BTC, equivalent to 9.6 billion dollars, in operations managed by Galaxy Digital, including OTC transactions.
Despite this volume, The price only fell at that time to $ 115,000, stabilizing quickly at 119,000which reflects the strength of the market.
Key resistances and supports
Bitcoin currently faces a critical resistance in the $ 120,000, where the profits, especially long -term investors, remains active.
If the price clearly exceeds $ 125,000, The Glassnode firm projects an increase towards $ 141,000a technical and psychological level where a new wave of sales by unrealized profits is anticipated, as Cryptonoticia reported.
The market is maintained in a consolidation range, with a support between 110,000 and $ 115,000, current price of Bitcoin, and a resistance projected at $ 141,000.
Once The current selling pressure decreases, Bitcoin could gain traction to reach new records. The market capacity to absorb mass sales, such as that of the July whale, points out a solid base for a bullish rupture.
