Bitcoin’s $100K Surge Highlights Role of Large Investors and Key Market Zones

• Large Bitcoin investors drove price gains as holdings rose from 16.2M to 16.4M BTC, underscoring their market influence.
• Bitcoin ranged between $93,500 (demand) and $106,500 (supply) zones, with consolidation highlighting market indecision.
• January’s $100K+ Bitcoin recovery reflects bullish sentiment, but $106,500 resistance hints at a need for stronger breakout catalysts.

Data from CryptoQuant reveals changes in the dynamics of the Bitcoin market between late October and January. From 16.2 million BTC to 16.4 million BTC, large investors’ holdings grew. In the meantime, tiny investors held 1.69 million Bitcoin instead of 1.75 million. In addition, the price of Bitcoin fluctuated in tandem with these shifts, rising from $85,000 in late October to over $100,000 in January. Large investors consistently influenced price trends, reflecting their pivotal market role.

The November surge saw large investors peaking at 16.35 million BTC while retail holdings reached 1.74 million BTC. However, a decline began mid-December, with large investors stabilizing near 16.25 million BTC. Retail holdings followed an inverse trend, dropping to 1.68 million BTC. Hence, these trends underscore the impact of larger investors on Bitcoin’s price trajectory.

Supply and Demand Zones Shape Market Sentiment

Bitcoin’s price between October 2024 and January 2025 revolved around critical supply and demand zones. The $106,500 supply zone acted as resistance, while $93,500 served as a demand zone. October marked a steady rise as Bitcoin climbed above $93,500, reaching the supply zone by mid-November. However, the supply zone posed challenges for a breakout.

From November to December, Bitcoin fluctuated between these zones, indicating consolidation. Additionally, price rejections at $106,500 highlighted strong selling pressure. At the same time, the demand zone at $93,500 provided consistent support. Consequently, Bitcoin remained range-bound as market participants awaited clear directional cues.

January Recovery Sparks Optimism

In January 2025, Bitcoin displayed renewed strength, testing the $106,500 supply zone multiple times. However, resistance remained firm, preventing a decisive breakout. Additionally, Bitcoin stabilized slightly below $106,500 by late January, signaling market indecision. Buyers maintained control above $100,000, reflecting reduced selling pressure.

As February began, the market showed potential for upward momentum. However, sustained resistance at $106,500 suggests traders anticipate stronger catalysts for a breakout. Besides, the $93,500 demand zone remains a critical support level for Bitcoin.