Top Bitcoin Investors Hold Steady - Implications if $116,500 Breaks Through

Reduced Bitcoin sales during each local peak from 2024, coupled with favorable macroeconomic conditions, indicated a promising trend.

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2025 September 18 . 4:43 AM

2 min read

Bitcoin's savviest investors remain unfazed - Consequences if Bitcoin surpasses $116,500?

Top Bitcoin Investors Hold Steady - Implications if $116,500 Breaks Through

Bitcoin, the world's largest cryptocurrency, has shown signs of short-term bullishness, according to crypto analyst Axel Adler Jr. In a recent analysis, Adler highlighted several factors indicating a bullish structure for Bitcoin.

On September 15, Bitcoin pressed against the upper boundary of the 21-day Donchian channel, a technical indicator that measures the highest high and lowest low over a specific period. This move suggests strong buyer momentum. Moreover, the +0.6 composite signal, another indicator used by Adler, reinforces the bullish outlook.

However, Bitcoin's momentum stalled over the weekend, only to renew on the 15th of September. Despite this temporary pause, Adler believes it is more likely a pause than a reversal. A move beyond the $116.6 level would further indicate short-term bullishness for Bitcoin.

Axel Adler Jr. is a crypto analyst affiliated with CryptoQuant. He uses tools such as the Bitcoin Structure Shift Composite Signal and the 21-day Donchian Channel to analyse Bitcoin's market cycles and accumulation phases. Adler focuses on institutional involvement, distribution patterns, and market risk indices to interpret these signals, which he believes indicate structural maturity and gradual institutional redistribution within Bitcoin markets.

A bullish confirmation would require Bitcoin to break $116.5k and hold above it. However, there is a chance of a short-term reversal to $113.9k.

It's worth noting that recent price swings in Bitcoin have been primarily driven by retail traders. Whales, typically large investors or institutions, have not yet driven the market, which explains the lack of a strong long-term trend since mid-July.

The profit-taking threat is present, but it is not strong enough to suggest a reversal. In July, Realized Profit peaked at 23,000 BTC when Bitcoin traded near $123.2k. Previous Bitcoin peaks were accompanied by higher profit-taking of 48k BTC in March 2024 and 39k BTC in January 2025, respectively.

Using the 21-day Donchian channel, resistance is at $116.4k and support is at $107.5k for Bitcoin. The Bitcoin Percent Supply in Profit was at 92%, indicating a bullish market phase.

The source for the information about the Donchian channel and Bitcoin Structure Shift Composite Signal is Axel Adler Jr Insights. The information about profit-taking intensity is from Darkfost. No information about Solana, Ethereum, or TRON was provided in this paragraph.

In conclusion, while there is a chance of a short-term reversal, the current signs point towards a bullish structure for Bitcoin. However, it is essential to keep an eye on profit-taking threats and market trends for a more accurate prediction.