2026-01-15 11:27:18

Based on on-chain data analysis, Bitcoin has shown a clear short-term rebound signal, with the price breaking through the $97,000 threshold. However, interestingly, this rally has not triggered a large-scale increase in holdings as expected.

What is more worth noting are the on-chain movements behind the scenes. When Bitcoin surpassed $97,000 yesterday, over 40,000 profitable Bitcoin were gradually transferred to exchanges. What does this number indicate? Short-term holders are busy taking profits.

From a market psychology perspective, it’s easy to understand the anxiety among these people. After the previous correction, they haven't fully recovered yet. Even when they see a rebound, they dare not greedily hold on—fearing another dip, it’s more practical to lock in gains first.

Therefore, the current upward momentum is not convincing enough for them. They need a continued breakthrough upward, with clearer signals and sufficiently attractive profit margins, before they can let go of their unease and be willing to hold their positions to participate in subsequent gains. This is a true reflection of market participants’ psychology.

BTC-0,18%

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Ser_Liquidated

· 23h ago

40,000 coins transferred to the exchange, these people are really timid.

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failed_dev_successful_ape

· 01-15 11:56

40,000 tokens run away, this is the true story of the bottom rebound It's profit-taking again, and there's no confidence in the heart, feeling like the main force is bloodsucking This wave of rise indeed lacks convincing power; it needs to break through 100,000 to be called a real rebound I understand the anxiety of short-term traders, but holding positions is the game of winners So, this is just an illusory prosperity; the real big show hasn't started yet Can the key level of 97k hold? I think it's uncertain Feeling like something's going to happen, is it really reasonable for big players to dump the market like this? It's just psychological warfare, let's wait and see who can hold out until the end

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HackerWhoCares

· 01-15 11:55

40,000 tokens sent to the exchange, these people are really cowardly, just making a profit and running. By the way, it's really hard to say whether this wave of rebound can be held. It's a typical case of FOMO aftereffects, constantly on edge. Only when it breaks 100,000 can we see the true intentions of the market clearly. Whether it continues to rise or fall, it depends on who has the resolve next.

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NeonCollector

· 01-15 11:53

40,000 coins dumped on the exchange, so timid and unconfident --- Same old story, sell on rebound, really don't understand --- Basically, it's just lack of confidence. Stop pretending to do psychological analysis --- I just want to know how much more it needs to rise to stabilize these people --- 97k isn't enough? It has to be 200k, right? Haha --- Small investors' mentality is collapsing, normal operation --- Whether this wave has peaked or just started depends on how institutions respond

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StopLossMaster

· 01-15 11:50

Uh... another sell-off signal, transferring 40,000 tokens to the exchange, and old retail investors are still sleepwalking.

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MoodFollowsPrice

· 01-15 11:45

40,000 coins dumped into the exchange, is this called a rebound? Cowards cashing out in a rush. The real big players have long been lurking; these short-term traders have only this much courage. 97,000 is not enough to watch; it needs to break through 100,000 to scare these frightened birds. It's not a rebound, just a debt-repayment rally. It looks like a rebound, but in reality, it's just the start of self-rescue as the leeks can no longer be harvested.

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MultiSigFailMaster

· 01-15 11:32

Haha, 40,000 coins transferred to the exchange? These guys are really scared of getting beaten up. They rush to run after a rebound, can't be greedy. Breaking through 97k still needs to be pushed further, that's the real test. When people's hearts are scattered, it's hard to lead the team. Institutions must be laughing their heads off watching this wave of fleeing. Anyway, I don't plan to withdraw so quickly, I'll gamble and continue to break new highs. Let's talk about going above 100,000; those entering now are all brave warriors.

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