🚨 Bitcoin Whales Pull Back: Major Buy Wall Moves From $81K to $77,888

BTC Support Is Shifting Lower as Large Buyers Adjust Their Entry Strategies 📉🐳

According to a BlockBeats report published on October 10, Bitcoin’s price pullback on October 8 triggered a notable change in whale trading activity. A massive $50 million buy wall positioned between $81,000 and $81,500 was withdrawn as BTC approached the level, with the planned entry price subsequently moved lower.

🔎 Whale Activity: What Changed?

BlockBeats On-chain Detection reported that two previously tracked large buyers have reduced their long exposure to secure profits, with one trader completely exiting the market.

🐋 1. The $50 Million Buy Wall Moves Lower

The account responsible for the original buy wall later placed approximately $47.43 million in new buy orders at $77,888, lowering its intended entry price by around 4.1%.

Bitcoin briefly dropped to $81,281 on the night of October 8 before falling below the original order level and declining further to $80,351 early the following morning.

📉 2. The $81K–$81.5K Support Zone Loses Strength

The report highlighted how heavily this price zone depended on the large buy order.

Without that liquidity, the order-book balance in the $81,000–$81,500 range would shift from an estimated $21.3 million net buying imbalance to a $28.7 million net selling imbalance.

This suggests that the removal of a single large order can significantly change the short-term supply-and-demand picture.

💰 3. What the Two Large Buyers Have Done

The first account has completed multiple opening and closing trades, recording approximately:

Total net BTC sales: $5.98 million

Trading profit: $166,000

Current BTC position: None

The second large buyer also reduced its exposure overnight:

Long positions reduced by approximately $6.054 million

Realized profit: $3,415

Position size reduction: 61.3%

Remaining long positions: Approximately $3.796 million

These figures indicate that both traders have become more cautious around Bitcoin’s previous entry zone.

🎯 4. Where Are the Whales Looking Next?

Both traders’ main entry targets have now shifted from around $81,000 toward the $77,800 area.

The $77,000–$78,000 range is now identified in the report as a potentially stronger support zone, with estimated net buying liquidity of approximately $60.29 million, even after accounting for potential liquidation-driven selling.

⚠️ What Does This Mean for Bitcoin?

The withdrawal of the original buy wall does not automatically mean BTC must fall to $77,888. However, it shows that large traders are adjusting their strategies and may be waiting for lower prices before committing more capital.

Traders will be watching whether Bitcoin can reclaim the $81,000–$81,500 zone or whether price moves toward the newly identified $77,000–$78,000 demand area.

The big question: Will Bitcoin find strong support near $78K, or could further selling push the market lower? 👀

Share your thoughts below! 👇

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