Bitcoin's current slump aligns with historical patterns seen in previous post-halving years. The cryptocurrency began the week with a significant slump, briefly falling below $90,600, its lowest figure since November. This downturn marks a subdued period for BTC and the entire market, with whale activity and large transactions on the Bitcoin network also declining.
According to crypto analyst Ali Martinez, the number of large Bitcoin transactions plummeted by 51.64% over the past month, dropping from 33,450 to 16,180. This dramatic reduction in whale activity often signals a cooling market, as these large players are typically seen as key drivers of Bitcoin price movements.
However, many argue that Bitcoin's January slump is not unusual. Crypto analyst Axel Bitblaze pointed to similar patterns in January 2017, 2021, and now 2025, where Bitcoin experienced significant declines before pulling off notable bull runs. For instance, Bitcoin dropped from $1,185 to $800 in January 2017 and from $42,000 to $28,000 in January 2021.
Historically, Bitcoin's price has increased substantially in the year following previous halving events, although the immediate effect on the price can vary and go sideways or down for a few months post-halving. On-chain indicators such as SOPR (Spent Output Profit Ratio) suggest accumulation opportunities during periods of market pain, further aligning with historical patterns that have preceded significant price recoveries.
Some experts predict that Bitcoin's price could reach $150,000 to $250,000 in the next year, based on growing institutional adoption, increasing demand from younger generations, and reduced supply post-halving ¹.
Bitcoin (BTC) Plunges to $90,600 Amid Declining Whale Activity: What’s Next
Market experts reveal that Bitcoin’s ongoing slump aligns with historical patterns seen in previous post-halving years.
Bitcoin began the week with a significant slump, briefly falling below $90,600 to its lowest figure since November. Over the past day, the cryptocurrency declined by almost 4%, extending its monthly losses to 11%. The downturn marks a subdued period for BTC and the entire market.
During this time, the whale activity also appears to have taken a tumble.
Subdued Bitcoin Market Activity :-
In his latest update, crypto analyst Ali Martinez highlighted a steep decline in large transactions on the Bitcoin network, suggesting reduced activity among “whales.” According to his tweet, the number of large Bitcoin transactions plummeted by 51.64% over the past month, dropping from 33,450 to 16,180.
Such a dramatic reduction in whale activity often signals a cooling market, as these large players are typically seen as key drivers of Bitcoin price movements.
Additionally, the Bitcoin network has witnessed a sharp decline in activity, with the number of active addresses dropping to 667,100 – its lowest level since November 2024. This reduction reflected a significant slowdown in user engagement and transactional activity across the network, which could be a sign of declining interest from both retail and institutional participants.
Despite this, many argue that Bitcoin’s January slump is not unusual.
January Declines Expected in Post-Halving Years :-
Crypto analyst Axel Bitblaze provided a broader historical perspective, suggesting that the crypto asset’s downtrend so far this month is not unusual, particularly in post-halving years. In his tweet, Bitblaze pointed to similar patterns in January 2017, 2021, and now 2025, where Bitcoin experienced significant declines before pulling off notable bull runs.
For instance, Bitcoin dropped from $1,185 to $800 in January 2017 and from $42,000 to $28,000 in January 2021. Hence, this year’s drop from $103,000 aligns with these precedents.
Bitblaze also discussed the implications of Bitcoin dominance – the percentage of BTC’s market cap relative to the entire crypto market. Historically, the metric peaks nearly three years after a halving event. In recent months, it fell from 62% to 54%, with altcoins surging in response.
Going forward, the analyst emphasized liquidity as a critical factor for the crypto market and speculated that potential economic policies, such as calls for lower interest rates as well as increased capital injection, could provide a bullish backdrop for Bitcoin.
Meanwhile, on-chain indicators such as SOPR (Spent Output Profit Ratio) suggest accumulation opportunities during periods of market pain, further aligning with historical patterns that have preceded significant price recoveries.
YouTuber and analyst Crypto Rover echoed a similar sentiment and noted that the leading crypto asset has consistently declined in the first half of the month for the past year. Describing the ongoing dip as “small,” he predicted that the “bounce” in the second half of the month is “inevitable.”
$BTC
Experienced Analyst Evaluates Bitcoin, SOL and Dogecoin Charts! Where could the nxt price be heading
Ali Martinez, one of the renowned analysts in the world of cryptocurrency, evaluated Bitcoin and altcoins in his statement.
The analyst starting with Bitcoin said that the closest and most important obstacle in front of the BTC price is the levels of 97,000 dollars and 99,500 dollars, because a total of 1.26 million addresses have accumulated a total of 1.22 million BTC from this area. The analyst also added that overcoming this level could be a turning point. Currently, the price of Bitcoin is around 94,636 dollars.
On the other hand, evaluating Solana, Martinez claimed that SOL is consolidating within a symmetrical triangle formation. According to the analyst, a move above the 214 level or a drop below 183 dollars could result in a 40% movement on either side. Currently, SOL is trading at 189 dollars.
Finally, the analyst evaluating Dogecoin, the world's largest memecoin, claimed that DOGE is about to break out of a bear flag formation and claimed that its new price target on the chart is $0.27. At the time of writing this article, DOGE is trading at $0.33.
$SOL $DOGE $BTC
Aave [AAVE] has struggled to maintain an upward momentum. Over this period, the altcoin has dropped to hit a low of $272.
At the time of writing, AAVE was trading at $282, marking a 2.61% decline on daily charts. The altcoin has also declined on weekly and monthly charts, dropping by 17.17% and 20.52% respectively.
The recent market conditions have left analysts pessimistic, predicting a further dip. Popular crypto market analyst Ali Martinez has suggested a potential dip to $203, citing a sell signal.
In his analysis, Martinez observed that the TD Sequential Indicator has signaled a sell on the AAVE on weekly charts.
According to him, this signal is pointing to a potential dip to $264 and even $203 to the lower downside. When the TD sequential indicates sell, it suggests that the upward trend is exhausted and a downward decline is a possibility.
Therefore, if sellers enter the market, we could see a downward pressure strengthen resulting in further decline.$AAVE