BitcoinMarkets
|3 min ReadBitcoin holds the line as big buyers step in
Lucca Menezes
Senior Analyst
Published
Jan 16, 2026
Bitcoin sits above $112,000 after a clean pullback to $108,000. That dip got bought. The $110,000 line survived. Traders still hide behind puts. Options delta skew sits at 9 percent, which means protection costs more. Funding moved back to 11 percent from Sunday’s bearish 4 percent. Not euphoric. Not dead either. Gold and the S&P 500 print records. Bitcoin pauses. This is where the patient few load.
Flows tell you where the money moves
ETFs bled $383 million in two days. Institutions blinked. Some of that cash rotated to Ether, which drew $200 million into corporate reserves last week. Smart operators used the noise. Strategy and Metaplanet bought 2,091 BTC for about $230 million. That is 66 percent of the week’s mined supply. Strategy now holds 638,460 BTC. Value sits above $71 billion with a 51.8 percent gain on cost. Meanwhile, whales offloaded more than 100,000 BTC in thirty days. Supply moved from weak hands to strong balance sheets. That is how bottoms build.
The blueprint in plain sight
Price hovers near the Bull Market Support Band. Think of it as the moving-average zone that marks trend health in a bull cycle. Daan Crypto Trades is clear: “BTC price action remains indecisive.” He still expects a sweep of monthly lows to trigger fear near $100,000. He also flags $103,000 to $105,000 as the first real support and a zone to stalk swing longs. On Monday, demand for puts surged. Neutral to bearish structures dominated. That is classic before a squeeze.
Some see macro friction. A bearish divergence versus global liquidity. Talk of flow withdrawal into late September. Saint Pump warns of higher volatility into October tied to Fed decisions. RSI threatens to slip below 50. That could tag $109,500. In a deeper stab it could print $98,000. These are shakeout zones. Strong players plan their bids there, then ride the next leg.
Kamran Asghar tracks a parallel price channel that still points up. His target sits near $140,000 after a channel retest. Keep positions ready. The upside can arrive in one violent week.
What this moment means
Bitcoin defended key support. ETFs blinked, but corporates bought the dip. The market is sending a simple message. Fear exists, yet supply keeps migrating to buyers who do not flinch. Autumn is near. “Uptober” has a history. Rallies appear when most doubt. Some models still whisper about an October crash. Fine. If we get that flush, it is fuel. If we do not, the breakout runs hard.
Here is the choice. Wait and watch others sprint. Or build your plan around $103,000 to $105,000, protect your risk, and reach for the move that tests $140,000.
Fortune favors the bold, as always.
Disclaimer: This document is intended for informational and entertainment purposes only. The views expressed in this document are not, and should not be taken as, investment advice or recommendations. Recipients should do their own due diligence, taking into account their specific financial circumstances, investment objectives and risk tolerance, which are not considered here, before investing. This document is not an offer, or the solicitation of an offer, to buy or sell any of the assets mentioned.