Recently, Bitcoin has been fluctuating between $80,000 and $95,000. Behind these seemingly chaotic movements, there are actually discernible patterns.

According to the Bitcoin Short-Term Holder Cost Basis Heatmap released by Glassnode on January 15, this price range has accumulated a large amount of recent entry positions, forming a clear cost concentration zone. Every time the price rebounds to the upper edge of this area, it encounters a wall of selling pressure, causing multiple attempts to push higher to fail.

But the key point here is—buying support below has never stopped. Although there are continued corrections, every dip is met with buyers accumulating positions at the bottom, indicating that market demand remains quite stable. This situation is less like panic selling and more like a process of high-position chips repeatedly changing hands and being absorbed.

From a different perspective, as long as demand above $80,000 continues to accumulate and gradually absorbs the selling pressure from above, then once the price breaks through this cost concentration zone, the market is likely to enter a new trend phase. Therefore, the current oscillation is essentially a patient digestion of supply above.

The real turning point is not whether there will be a correction, but whether the demand base at $80,000 can hold and continue to strengthen. That is the key to determining the subsequent trend.