Bitcoin News Today: Whales Retreat, Retail Takes Lead: BTC Set for 4% Surge

Bitcoin Flash: Triple Buy Signal Hints at Upcoming Rally

Bitcoin (BTC) appears to be approaching a potential price surge as three on-chain indicators show a favorable buying environment, despite a recent 2.86% drop in the last 24 hours, bringing the price to approximately $109,000. Analysts highlight similarities between current conditions and a previous rally earlier in August, which saw BTC rise by about 3.9% in a short span [1].

One of the key factors supporting a potential rally is the reduced selling pressure from large holders, or whales, who have been shifting their investments to other assets, allowing retail buyers to dominate the market. This is evidenced by the Whale Exchange ratio, which measures the proportion of the top 10 inflows relative to all inflows into exchanges. The ratio has decreased from 0.54 on August 19 to 0.43 on August 22, the lowest in nearly two weeks. A similar drop on August 10 preceded a price increase from $119,305 to $124,000 [1].

In parallel, accumulation by medium- and long-term holders is evident through the HODL Waves metric, which tracks the distribution of BTC supply across different holding periods. Data from Coinglass indicates that key holder groups have expanded their positions over the past month. This accumulation, especially in a period of market volatility, suggests strong investor confidence and reinforces the case for a potential price surge [1].

The technical chart also supports a bullish scenario. As of August 23, 2025, Bitcoin is trading slightly above the $115,400 support level, with key resistance at $117,600. Breaking through to $119,700 could set the stage for a significant move toward record highs. Conversely, a drop below $114,100, particularly to $111,900, would indicate short-term bearish momentum. If the Whale Exchange ratio follows the pattern seen on August 10, the price could rise nearly 4% from current levels, pushing BTC past $119,000 [1].

These signals collectively suggest a strong case for a potential Bitcoin price rally, driven by easing whale selling pressure and increased accumulation by long-term holders. Investors may wish to reassess their BTC positions in light of these developments. The convergence of on-chain and technical indicators points to a delayed, but not canceled, upward trend in Bitcoin’s price trajectory [1].