Bitcoin Triple Support Bounce May Signal Strength Despite Reported $1.2B Sell-Off by BlackRock, Binance and U.S. Government

• Bitcoin’s triple bounce confirms demand at a key diagonal support, suggesting continuation of the uptrend.

• Institutions and government-linked wallets reportedly sold ~$1.2 billion in BTC within 12 hours, adding short-term pressure.

• Derivatives activity shows a whale increasing short exposure to $392M, highlighting mixed sentiment and possible volatility ahead.

Bitcoin triple support bounce shows bullish technical strength despite $1.2B institutional selling; read analysis and next steps from COINOTAG.

Bitcoin shows a triple support bounce signaling strength, even as reports indicate BlackRock, Binance, and the U.S. government sold $1.2B in BTC within 12 hours.

What is the Bitcoin triple support bounce?

Bitcoin triple support bounce is a price-action formation where BTC tests the same diagonal or horizontal support level three times and each test results in a clear rejection, indicating sustained buying interest. This pattern, observed on the daily timeframe, often precedes continuation toward higher resistance levels unless the support is decisively broken.

How did recent institutional selling intersect with the triple bounce?

Reports from on-chain monitoring and market commentators indicate that BlackRock, Binance, and U.S. government-linked wallets sold approximately $1.2 billion of Bitcoin over a 12-hour window just before a scheduled Federal Reserve speech by Jerome Powell. While the technical setup shows a bullish structure, these large transfers introduced liquidity pressure and increased volatility. Short exposure growth — including a whale raising shorts to roughly $392 million — underlines the contrast between chart-based optimism and sizable institutional sell-side flows. Sources: on-chain transaction reports and market analysts FOUR and Danny (Twitter posts noted as commentary, no external links provided).

Triple Bounce: What the chart shows and why it matters

The chart pattern demonstrates a series of higher lows along a key diagonal demand line. Each rejection was accompanied by increased buying volume at the support, reinforcing the validity of the zone. In technical terms, a successful triple bounce preserves the bullish structure and raises the probability of a move toward prior resistance zones. Conversely, a decisive daily close below the diagonal would likely trigger stop runs and open space for larger corrective moves.

Analyst commentary emphasizes that repeated rejections at the same support reflect a sustained demand zone where buyers consistently step in. Market participants track such setups on higher timeframes because they carry more weight for macro trend direction. However, timing and risk management remain crucial: bullish setups can fail under heavy, coordinated selling or sudden macro shifts.

Massive sell-off: details and market impact

On-chain observers and market commentators reported that several large entities sold a combined total near $1.2 billion in BTC within a 12-hour period. The transactions were timed ahead of an anticipated Federal Reserve address, prompting debate over whether the activity represented profit-taking, liquidity needs, or attempts to influence short-term price action. Historically, concentrated selling by large custodians or exchange wallets can increase short-term volatility and pressure leverage-sensitive positions.

Derivatives desks noted increased short positions and concentrated sell-side flows, which can amplify downside when liquidity thins. Traders should monitor funding rates, open interest, and liquidation levels in futures markets to gauge the potential for forced selling or a squeeze that could invalidate short positions and fuel a rapid rebound.

Frequently Asked Questions

Can the Bitcoin triple support bounce signal a sustained bull run?

Yes. A validated triple bounce on a daily timeframe often signals strong demand and a continuation of the prevailing uptrend. Sustained higher lows combined with rising volume increase the probability of moves to higher resistance, but confirmation requires holding the support and favorable macro conditions.

How should traders manage risk given the reported $1.2B sell-off?

Use position sizing, clear stop levels below the diagonal support, and monitor derivatives metrics like open interest and funding rates. Consider reducing leverage or hedging if large institutional flows coincide with elevated volatility; this approach reads well when spoken aloud by voice assistants.

Key Takeaways

• Technical validation: Triple support bounces on the daily chart indicate persistent buying pressure and favor bullish continuation if support holds.
• Institutional pressure: Reported $1.2B in selling by large entities increased short-term volatility and introduced downside risk.
• Risk management: Traders should monitor support integrity, derivatives activity, and macro events; use stops and appropriate sizing to mitigate rapid moves.

Conclusion

Bitcoin’s triple support bounce presents a compelling technical narrative that suggests higher highs are possible if the diagonal demand line continues to hold. At the same time, the reported $1.2 billion of concentrated selling and elevated short exposure create a clear countervailing force. Market participants should weigh the bullish chart structure against institutional flows, monitor on-chain and derivatives data, and manage risk accordingly. By COINOTAG. Published: October 14, 2025. Updated: October 14, 2025.