Everyone, who understands? The Bitcoin market during these two days of New Year's Day is simply incredibly boring! It has been stuck in the $87,000-$88,000 range for two weeks, with the entire trend resembling someone lying in bed on the weekend—completely lacking the desire to move. But the mystery behind this, most people really can't see it. If you just sleep through it and miss out, the first wave of the 2026 market opportunity might be gone for you.

Under the seemingly calm market, there are actually hidden currents—80 million Bitcoins have silently undergone a wave of chip transfer. This is not a small matter; it's the operation of institutions and whale-level players, and it was done with the price almost unchanged, a major shift.

Let's talk about the significance of this 80 million transfer. It's like a huge chunk of fat in the circulating supply, originally held by one group of people, now fully transferred into another group's pockets. Retail investors can't pull off this scale; it's purely institutional-level "underground trading." I’ve analyzed on-chain data for several days, thoroughly uncovering the ins and outs of this chip transfer.

On the sell side, all are "bloodied chips." These sellers are mostly people who rushed in during last September's FOMO wave, shouting about hitting $90,000 or even $100,000, thinking they could go straight to the sky, only to get trapped at the top. Over the past two months, after friction in the market, these people’s patience has finally worn thin. They took profits and sold in the $87,000-$88,000 range, with a few lucky ones exiting with minimal profit.

On-chain data is very straightforward: net outflows of Bitcoin above $100,000 have already approached 300,000 coins. Those who once shouted "diamond hands, hold forever" ultimately couldn't withstand this volatility. This is the truth of the crypto market—most people's "long-term holding" essentially means they haven't yet reached the moment to cut losses.