Bitcoin whales are reducing leveraged long positions, a move historically linked to price increases. This activity coincides with a dormant Satoshi-era whale purchasing 26,900 BTC, valued at approximately $2.45 billion, marking its first transaction since 2011. The whale's reentry signals long-term confidence in Bitcoin's potential. The reduction in leveraged positions by large BTC holders typically precedes bullish market movements, as it de-risks their portfolios without selling spot holdings. This strategy helps reset market leverage, reduce liquidation risks, and create healthier conditions for sustained price growth. Analysts suggest that these developments could pave the way for Bitcoin to reach new highs, potentially targeting $135,000. The current market environment, characterized by reduced leverage, thin liquid supply on exchanges, and ongoing ETF accumulation, supports a positive outlook for Bitcoin. The combination of whale activity and technical indicators, such as a higher-low structure on daily charts, suggests a potential setup for an upward impulse wave in the coming weeks.