According to the latest data, the BTC long positions held by large whales reached a peak of 73,000 coins in December, but have recently begun to decline significantly. This change has attracted the attention of many traders—historically, whale liquidations at local highs often precede price increases.

An analyst on social media pointed out that large traders on Bitfinex are actively closing their BTC long positions, a signal that has historically led to intense volatility. He reviewed the last similar liquidation scenario—early 2025, when Bitcoin was stuck around $74,000 for a long time.

This analyst uses the Wyckoff method to track whale movements and found that the decline in longs last year almost perfectly corresponded with BTC breaking below the $75,000 support level. In Wyckoff terminology, this low point is called a "spring," signaling the start of a new upward trend.

He mentioned that the previous liquidation cleared out many leveraged positions, which then triggered a 50% rebound within 43 days, pushing Bitcoin up to $112,000. Currently, BTC is consolidating around $91,500. If history repeats, similar pattern movements could target $135,000 or higher.