Bitcoin Holds Steady at $115,000 as Scarcity Index Flashes Rare Signal

Bitcoin (BTC) is holding firm around $115,000, with traders closely watching key support levels as market signals point to potential shifts in the weeks ahead. According to analysts, maintaining the $115,100 threshold could set the stage for a rally toward $136,900, while broader crypto indicators hint at an approaching altseason.

Over the weekend, bitcoin’s price touched $116,800—its highest since late August—before retreating closer to the $115,000 level. Order book data showed heavy buy-side interest just above support, while sellers capped gains at $117,000. “BTC needs to hold $115,100; if it does, the next major target is $136,900,” trader Ak47 posted on X.

Stablecoin flows fuel altseason speculation

Beyond spot levels, the shrinking dominance of stablecoins is raising eyebrows among market watchers. Analysts note that if stablecoin market share falls toward 3%—down from the current 5%—capital could rotate into riskier assets, setting up a strong run for altcoins. “That would be more than enough for a juicy altseason,” said analyst Polaris_XBT.

Scarcity Index signals whale accumulation

Meanwhile, fresh data from Binance revealed a rare spike in the Bitcoin Scarcity Index—the first since June. Market intelligence platform Arab Chain said the move likely reflects large withdrawals or a reduction in sell orders, a pattern often linked to whale accumulation. A similar trend earlier this year pushed BTC as high as $124,000.

Whale activity sparks caution

Still, not all signals are bullish. Blockchain tracker Lookonchain reported that a long-term bitcoin whale moved more than 1,100 BTC—worth roughly $136 million—onto the Hyperliquid exchange. The same entity offloaded nearly 36,000 BTC in August, swapping into Ethereum (ETH). Analysts warn that such moves can increase downside pressure, particularly when markets are testing fragile support.

What comes next

For now, bitcoin remains locked between $115,000 and $117,000. Traders say holding above the critical $115,100 mark is key to any attempt toward the $136,900 level. Still, whale activity, macroeconomic factors, and the Federal Reserve’s upcoming decisions could dictate whether the market pushes higher—or risks another reversal.