Bitcoin has recently retaken that pressure zone at the end of last year that people both love and hate. But this time, the scene is a bit different from before. In the past, whenever Bitcoin rose, those long-term holders who had accumulated at low levels would start to get restless, eager to sell off and cash out. Now? The situation has clearly loosened.



According to the latest tracking data from on-chain analytics firms, "old players" holding coins for over 5 months are changing their strategies. When Bitcoin broke through $100,000 last year, this group was selling over 100,000 coins weekly, fearing they might miss the chance if they hesitated. But now, that number has been cut from over 100,000 to 12,800 coins. From collective cutting of losses to moderate selling, this shift is a significant signal.

An on-chain analysis report straightforwardly states: "Although some profit-taking is still happening in the market, the intensity this time is much milder than the group-style escape seen before." In other words, selling pressure is easing, leaving room for future market movements.

However, the road ahead for Bitcoin is still tough. Currently, the price is stuck between $93,000 and $110,000, a zone that has been the "death valley" since November last year. Every time Bitcoin tries to break upward, it hits this lower boundary and gets pushed back down. Several attempts have been made, but each rally has been abruptly halted.

The key point is this: to truly reverse the major trend, it’s not enough to just slow down selling. Long-term holders must fully digest and absorb their holdings, which is a necessary condition for the price to move steadily upward. From the data, the situation is loosening, but breaking through still requires patience.
BTC-1,88%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 10
  • Repost
  • Share
Comment
0/400
SchrödingersNodevip
· 01-18 05:13
Long-time players have really changed their temperaments, cutting from 100,000 to 12,800. This shift definitely deserves some thought. With the selling pressure easing so much, is it possible that an upward breakout is coming? After trying so many times, the death valley still hasn't been broken. I think the key is how the chips are absorbed. The word "love and hate" is really perfect. That's exactly how I feel right now. This round seems truly different; long-term holders are no longer anxious. From 93,000 to 110,000, I'm honestly tired of seeing this range. I agree that breaking the deadlock requires patience, but my patience is also running out haha. There is definitely room for imagination, just worried it might all be a false alarm again. From collective cutting of losses to controlled selling, it sounds like a major event is brewing. How long will it take to digest and absorb the chips? Should I count in days or months?
View OriginalReply0
MysteryBoxBustervip
· 01-17 08:30
Long-term players have really changed their approach, from collective cutting losses to selling in moderation. I have to say this shift is quite interesting. The name "Valley of Death" is spot on; every time it gets hammered down, multiple attempts have failed, which is really frustrating. But honestly, the key is whether the selling pressure truly diminishes. We need to wait for the data to confirm that. The real key is thorough absorption of the chips; otherwise, relying solely on veteran players' restraint is pointless. Can it really break through the 9.3 to 11K range this time? I’m skeptical. Let’s wait and see.
View OriginalReply0
OnchainSnipervip
· 01-16 07:10
The veteran player has changed their strategy, cutting from over 100,000 coins to 12,800. That's true resolve.
View OriginalReply0
not_your_keysvip
· 01-15 09:57
Veteran players are finally not so eager to cash out, which is a good sign... but whether they can really get on board still depends on the performance in the coming weeks.
View OriginalReply0
BlockchainDecodervip
· 01-15 09:56
Data shows that the eagles have finally calmed down, dropping from 100,000 coins per week to 12,800? What does this change indicate? According to research, the holder's mentality has indeed shifted. It is worth noting that the death valley between 93,000 and 110,000 has been tested several times, with each attempt being smashed at the lower end. The underlying game theory behind this is indeed worth exploring.
View OriginalReply0
CafeMinorvip
· 01-15 09:44
Old players are changing their approach, from chopping one or two times to stopping at the right moment. This is the true chip exchange.
View OriginalReply0
GasBankruptervip
· 01-15 09:41
Long-term holders have finally turned over a new leaf, transforming from dump monsters into rational investors. When will this terrible death valley be able to break through? It feels like we've been stuck here for a long time. Selling in moderation? I think they're still waiting for higher prices. Absorbing and digesting the chips... sounds nice, but actually it's just bottoming out. Breaking the deadlock requires patience. My patience is about to run out, haha.
View OriginalReply0
FomoAnxietyvip
· 01-15 09:39
Are long-term holders really turning over a new leaf this time? From 100,000 coins down to 12,800 coins, it feels like they're just afraid of getting trapped haha
View OriginalReply0
LazyDevMinervip
· 01-15 09:38
Wait a moment, the selling pressure is indeed easing, but can we really break through this death valley? It feels like another false alarm.
View OriginalReply0
BlockchainArchaeologistvip
· 01-15 09:32
Alright, the old players are really starting to be rational, no longer falling into the collective cut-loss trap. This time feels a bit different. The Valley of Death has indeed been stuck, bouncing back and forth between 93,000 and 110,000. When will it break through? The sell-off volume has been cut to 12,800 coins, indicating that some people still believe in the future market; otherwise, who would be so patient? With so many positive news, yet no rise, it’s probably still gathering strength. When the right moment comes, it will soar. It takes time to digest the chips. How much longer do I have to hold this? Feeling exhausted.
View OriginalReply0
View More
  • Pin