At the same time, reports show JPMorgan boosted its stake in BlackRock’s ETF by 64%, bringing its holding to 5.28 million shares valued at $343 million as of September 30. The bank also held $68 million in call options and $133 million in put positions on the same date.
On-chain trackers show that long-dormant wallets are moving large amounts. Sales in the $100 million to $500 million range have been logged from addresses that had been still for years.
K33 Research flagged that 319,000 BTC that had been held for six to 12 months moved into profit-taking. The firm also reported that “mega whales” sold roughly $45 billion worth of Bitcoin in the past month. Analysts describe this as a major, organized exit by early holders.
A recent rejection around the 100-day MA near $110K led to a quick retest of the roughly $101K support, which some traders interpret as a liquidity sweep.
What stands out for chart watchers is stabilization at a high-volume node where past corrections have found a base. There is an extended series of equal lows, marked on some charts as support levels, suggesting liquidity below $100K may have been cleared.
Featured image from Unsplash, chart from TradingView
