2026-01-04 15:25:28

New Year's Day holiday friends who are watching the market should have the same feeling — Bitcoin has been lying flat in the $87,000 to $88,000 range for a full two weeks, with K-line fluctuations so small that it feels like it’s frozen. This seemingly calm sideways consolidation actually hides the most aggressive chip rotation in nearly half a year: 800,000 Bitcoins have undergone large-scale turnover within a narrow price range, equivalent to a key piece of circulating supply changing hands.

From on-chain data, such a narrow range of turnover at this scale is definitely not something retail investors can create; it must be driven by whales and institutional-level position adjustments. Let’s first clarify the core logic: who is selling, and who is accumulating?

The sellers are clearly identifiable — they are the group that entered driven by FOMO after September 2025. At that time, the market was filled with voices of “breaking through 150,000,” and many investors chased in at high levels of 90,000 or even 100,000 USD, dreaming of riding the wave. But what happened? They got stuck at the top, unable to move. The two months of repeated fluctuations finally exhausted their patience — some chose to cut losses and admit defeat, others escaped with small profits. Data shows that net outflows in the above-100,000 USD range approached 300,000 Bitcoins. Those who once shouted “long-term holding” ultimately couldn’t withstand this round of volatility.

Looking at the accumulating funds, they are not just naive big players, but new capital that has truly recognized the value zone of $87,000 to $88,000. On-chain monitoring data indicates that this group is systematically building positions. Their logic is simple: buy at low levels, wait for the next wave of market movement. This seemingly calm sideways consolidation has actually achieved a significant downward shift in the overall market cost basis. When retail investors’ tears turn into institutional chips, the structure of market participants also changes accordingly.

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bridge_anxiety

· 01-07 15:25

Haha, retail investors' tears are really being taken away by institutions like this, no one can escape this round of reshuffling. The group that got stuck with 100k is indeed too unfortunate. Now those who bought at 88k are the real smart ones. Two weeks of sideways trading and so much capital being circulated, no wonder the atmosphere feels different. This round, market players have changed, it seems the next wave will be the turn of the bagholders to turn around. No wonder these past two weeks of watching the market was so boring; turns out there's such a big plan behind the scenes. FOMO rushes in and then cuts losses—this routine hooks people every market cycle, it's quite ruthless. The 800,000 tokens turnover clearly shows it's not a retail game; I should have realized this long ago.

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MEVHunterWang

· 01-07 11:22

800,000 tokens change hands, retail investors' tears turn into institutional chips. This story of cutting losses to pass the baton is always the same every time.

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GweiWatcher

· 01-06 16:38

Retail investors' tears are the institution's chips, there's nothing wrong with that, and they've been cut again. 80 million tokens changing hands is really intense; this sideways movement is definitely not peaceful. What about the people who called for 150,000? Haha. I've heard the logic of accumulating chips at low levels many times; when will the next wave of the market come? Behind the frozen candlesticks are whales dancing; retail investors can only watch the spectacle. The idea of moving the cost center downward sounds good, but without ammunition in hand, it's all pointless. Selling 30,000 tokens for $100,000 makes the data look a bit painful. Institutions are systematically building positions, while I am systematically losing money—it's hard to hold on. This round of volatility truly tests people's hearts; retail investors are just retail investors. The $88,000 value trough—sounds good, but I don't see the trough myself.

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DeadTrades_Walking

· 01-05 03:39

800,000 tokens exchanged, the tears of the cut-loss traders have become the chips of the institutions, this is the market.

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OnChain_Detective

· 01-04 15:55

spotted the exact same wallet clustering pattern during that sept pump frenzy... 800k btc moving through narrow ranges like that? nah fam, that's not retail panic, that's orchestrated capital reallocation. data screams institutional repositioning. typical whale signature right there.

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GateUser-e19e9c10

· 01-04 15:53

It's the same story of chip transfer again... Is exchanging 800,000 coins really that exaggerated? Retail investors' tears for institutional chips, sounds pretty heartbreaking, huh? Picking up at low levels and waiting for the next wave, easy to say, but what if it drops again? These past two weeks, I've really been lying flat, too lazy to even move the K-line. FOMO comes in but ends up running away, same old story every time. Institutions are accumulating chips at low levels, and we're still debating whether to cut losses or not. The cost center moving downward sounds good, but I don't know when it will take off.

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VirtualRichDream

· 01-04 15:53

800,000 tokens exchanged sounds pretty fierce, but honestly, it's just retail investors' tears turning into institutional chips. --- The group that chased to the top now doesn't want to hear anything, just wants to quietly cut losses. --- This price level of 87888 really makes it hard to sleep; institutions are eating the meat while we are drinking the soup. --- Two months of sideways trading have worn people out, and those who FOMO in now have become ATMs. --- Building positions at low levels vs getting caught at high levels, this is the difference between gamblers and casinos. --- It's terrifying upon closer inspection; how many accounts have turned green as the cost center shifts downward. --- Institutions know how to play; retail investors are still debating whether to cut losses or bottom fish.

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MemeEchoer

· 01-04 15:48

800,000 tokens changed hands, retail investors' tears turn into institutional chips, this is the game rule --- Same old story, buy the dip at low levels and wait for the next wave... will it really come? --- Those who FOMO in now will definitely regret it to death haha --- So the same old advice, people who don't understand on-chain data are destined to be harvested --- Institutions are eating retail investors' meat, this logic is flawless --- Looks like I need to learn how to read on-chain data to survive --- Over 100,000 outflow, 300,000 tokens? That number is quite fierce --- Wait, does this mean that 87,000 is the real bottom now? --- When retail investors cut losses, it's the time for institutions to get in. Ironclad rule --- Two weeks of sideways consolidation, but behind it is the most aggressive turnover, a chilling thought upon reflection

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OldLeekMaster

· 01-04 15:48

800,000 tokens exchanged? Institutions are accumulating chips at the low levels, while retail investors are still crying at the top --- It's the same story again: institutions start building positions only after the bag holders sell off, so familiar --- Wait, over 1 million USD outflow with 300,000 tokens? What are those who called for long-term holding doing now, haha --- Wow, lying flat for two weeks and it's a big turnover? I thought no one was really playing anymore --- Institutions buy the dip at low levels, retail investors buy at high levels, this is the difference between retail traders and big players --- Is there really systematic accumulation at the 87,000 price level? Then we need to keep a close eye on it --- FOMO chasing the high is the worst, getting caught at the top and watching institutions slowly eat up the chips --- Central cost basis moving downward? In plain language, the rich are getting richer, the poor are selling off, right? --- The sideways consolidation is so "calm," but behind it is actually so fierce, it's terrifying upon closer inspection

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CompoundPersonality

· 01-04 15:47

Tsk, what does the transfer of 800,000 tokens say... Retail investors are really just pawns for institutions to lift up. Another round of the "long-term holding" slogan, but in the end, those who couldn't withstand two months of torment and had to cut losses and admit defeat should reflect on themselves. The 87,000 to 88,000 range is indeed a trap right now. Let's wait and see if the institutions will really step in.

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