2026-01-02 12:23:03

The market movements over the past two weeks have been interesting. Bitcoin has been lying in a narrow range between $86,000 and $88,000 for a long time, with almost no price movement, but there are dark currents surging beneath.

On-chain data shows that over the past two weeks, more than 800,000 BTC have changed hands. Imagine—within this extremely narrow price range of less than $1,000, such a massive transfer of chips is like two sides engaging in a silent tug-of-war, with the marker in the middle of the rope unmoved, but veins bulging on both sides.

Who is selling, and who is accumulating? On-chain data tells a clear story.

The sellers are mainly those investors who rushed in after September last year, some even bought at prices between $90,000 and $100,000. At that time, FOMO was intense, and many dreamed of the stars and the sea. But two months of repeated friction proved exhausting. Some ultimately chose to cut losses or take small profits in the $86,000 to $88,000 range—this is a blood-stained transfer of trapped positions.

What is the deeper logic? The cost at high levels is being massively absorbed. Data shows that nearly 300,000 BTC have flowed out of the region above $90,000. What does this mean? It indicates that the relay baton of the previous high is being handed over to new funds.

Market chip distribution is quietly restructuring, and this silent transfer often foreshadows subsequent changes.

BTC2.46%

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RamenStacker

· 5h ago

Watching 800,000 Bitcoins change hands within such a narrow range is truly incredible. On the surface, everything seems calm, but beneath the surface, a tide of undercurrents is surging. This wave of high-level trapped orders has collapsed, with over 300,000 coins flowing out above $90,000. New funds are quietly stepping in to absorb the supply—restructuring the chips, everyone. Honestly, it's hard to predict the next move, but this "silent tug-of-war" feels like something is brewing. Those who have persisted until now are true believers. Brothers who entered at high levels must be feeling uncomfortable. The range between 8.7 and 8.8 has worn me down; whether it's a breakout or a rebound, we'll see in the next couple of days. On-chain data makes it clear, but the problem is, knowing is one thing; when a riot actually breaks out, you'll still get slapped in the face. What does it mean when the previous high-cost positions are sinking? It means the game rules are being rewritten. I've said it before—those who FOMOed in will have to pay their tuition. Now, who will be the one to take this hot potato? With this rhythm, either hold back a big move or continue grinding at the bottom. I'm just worried about a sudden crash at night—wake up to find support broken again.

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PuzzledScholar

· 5h ago

800,000 tokens traded within such a narrow range, truly remarkable, appearing calm on the surface but full of blood underneath 90,000 bought in now must be feeling so uncomfortable, this is the price of FOMO The chips are shifting, who will catch these 300,000 tokens is the key Lying flat and waiting for the change, anyway I can't understand Large funds are quietly changing hands, retail investors are still struggling with the rise and fall It feels like a shakeout, but I'm not sure The difference between those cutting losses and those buying in is just an information gap

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MetaverseMortgage

· 5h ago

80万枚换手在这么窄的区间，卖方疯狂割肉新资金在底部默默接盘，这波筹码转移才是重点。 --- Again, it's the same pattern. People at high levels can't take it anymore, new money enters the market to buy the dip, let's see who laughs last. --- Dark currents are surging, as expected. The surface appears calm, but in reality, it's a battle for chip ownership. The question is, will this wave end with a rise or continue to grind? --- Net outflow above 90,000 is 300,000 tokens? That's the real signal, indicating what the big players are hinting at. --- Blood-stained transfer of trapped orders haha, it's always like this. Those at the bottom will be the final winners. --- I just want to know the cost basis of those who are entering now. If there are still people buying at high levels, I might have to advise them. --- This kind of chip restructuring is often the calm before a storm. Be prepared, everyone. --- Tug-of-war analogy is perfect. Both sides are holding back, waiting for the other to move first, but in the end, no one moves. --- The group that cut losses and exited, they will regret it someday. History always repeats itself. --- It feels like new funds are eating up chips, no doubt, but don't forget the market's uncertainty. No one can predict how it will move next.

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GhostAddressMiner

· 5h ago

800,000 coins changing hands at such a narrow price range is truly a fierce battle for chips. Anyone who can't see that should reflect on themselves. Addresses above 90,000 are withdrawing, new funds are entering. The details of this rotation are very intriguing... Another round of high-level trapped orders has been uncovered. The early investors who bought in probably regret it by now. I want to see where the transfer trajectory of 800,000 Bitcoins ultimately ended up in the original addresses. This silent chip sinking is often a prelude to major moves; the market is quietly restructuring. Cutting losses and exiting with minimal profit are all preparations for the upcoming upheaval. The logical cycle is very complete. On-chain footprints are right here. The 90,000 USD relay baton is indeed changing hands. The question is, what does the next holder plan to do? Wow, both sides are bulging with veins, but the rope remains motionless. This stalemate usually hides a big conspiracy.

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