Recently, many people have been asking whether Bitcoin (#BTC ) is about to drop. In fact, from several key signals, the bottom for BTC may be more stable than you think💪. Let's break down the reasons.#山寨币市场回暖
🔹Long-term holders are as steady as an old dog
Long-term players of Bitcoin have been quietly supporting the market. Data shows that most of those who bought BTC between 2017 and 2019 have kept their coins in the same wallet and have never moved them💼.
According to data from analyst Cas Abbé, the market value of these "5-7 year players" recently dropped from $14.9 billion to $8.5 billion, but this is not due to selling; rather, these coins have entered the 7+ year age category, meaning they are just quietly lying there, waiting for the wind to come🌬️.
Abbé said: "These holders are not soft persimmons. They have experienced halving, bull-bear rotations, panic, and peak tests, and are still holding their positions firmly."
In simple terms, Bitcoin is not like short-term stocks; many people will not sell easily, and the long-term base is very stable.
🔹Institutions are quietly positioning themselves in the options market
Bitcoin prices may fluctuate, but the real big moves are in the options market📊. Analyst BitBull found that the 1-month 25 Delta skew reached a new high, which usually indicates an increased demand for downside protection in the market.
Does it look like panic? In fact, it is not retail investors who are scared, but institutions that are hedging risks. ETFs and other investment products have allowed large institutions to enter the market, and they protect their spot positions through put options, which is a smart risk management technique, not a sell signal✅.
In simple terms: institutions are quietly positioning themselves while guarding against short-term declines; the bottom is more solid than it appears on the surface.
🔹Technical signals are also providing support
Bitcoin recently broke the downward trend that lasted for several weeks📈, with the closing price repeatedly standing above the trend line. After this breakout, BTC tested the resistance level of $113,500—previously a support level, now a key focus.
Although the price has had a brief pullback, it quickly rebounded, showing that resistance is slowly weakening. Trader Merlijn also noted a typical bearish trap signal in the weekly RSI: the price low is decreasing, but the RSI low is increasing📊. This divergence often indicates a weakening of bearish momentum, which may lead to a rebound.
If BTC can stabilize above $113,500, the next upward space will open; if it cannot stabilize, it may return to around $110,000 in the short term to test support.
🔹Conclusion
To summarize:
Long-term holders are as steady as a mountain and will not sell easily💎
Institutions are hedging in the options market, with strong underlying capital forces🏦
Technical signals indicate that resistance is weakening and support is strengthening📈
Therefore, Bitcoin's "actual bottom" may be stronger than you think. Be patient and keep an eye on the key level of $113,500; the next opportunity may be right in front of you🌕.
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