Bitcoin angels (OG Whales) are selling at historical levels!
Today, January 23, 2026 – Price #BTC around $89,500–$90,000 after a correction from the highest levels of 2025 (above $120,000).
🔍 What we see on-chain:
- Long-term holders (LTH) recorded record sales in 2024-2025, and selling continues but at a slightly slower pace in 2026.
- Some old wallets (from 2012 and earlier) are gradually selling and achieving incredible profits (+30,000%+).
- At the same time: new institutions and whales are accumulating below $90,000, and the ETFs are absorbing a large part of the supply.
Is this the beginning of a distribution phase and a deeper correction? Or just a natural profit-taking before the new cycle?
History says: every time the owners sell at the peaks, the market cleans out the weak, and then it comes back stronger. But the macro (definitions, global liquidity, strong gold) is pressuring now.