The minimum level of bitcoin at 100,000 dollars is not natural. It is specifically created. And what happens next will overshadow everything you thought you knew about money.
Long-term holders have just made the largest hidden transfer in cryptocurrency history: 300,000 BTC has been liquidated since July. The profit amounted to 33 billion dollars. Sold directly to institutional hands while you were watching memes.
BlackRock and Fidelity now control 1.4 million bitcoins through ETFs. The assets amount to $139 billion. After losing $2.9 billion in October, the situation changed in November: $300 million returned in 72 hours.
MicroStrategy has acquired another 487 BTC, bringing the total to 641,000. The storage is closing.
Volatility has dropped from 60% to 35%. This is the lowest level in history following the halving. Unrealized losses amounted to 3.1%. No panic. No capitulation. Just absorption.
Here's what they don't tell you: 71% of all bitcoins remain profitable. The crowd thinks this is the peak. The data shows accumulation. Funding premiums have decreased by 65%. Retail leverage has evaporated. Institutions have stopped trading and started holding cash.
Ancient wallets that haven't been touched for years have just awakened. 17% of the total supply. When dormant coins move during low volatility, they do not whisper. They explode.
The four-year cycle has ended. The halving in 2024 resulted in +41% compared to historical +150%, but this time there is a bet of $139 billion between you and a 70% drop that was previously guaranteed.
Your decision-making point: the base cost for a short-term holder is $112,500. Reach a higher level with a weekly inflow of $500 million and a print of $150,000 by summer 2026. It will drop by $100,000, and $88,500 will become the last line of defense before systemic collapse.
While America's debt stands at $35 trillion and the Fed plays recession roulette, Bitcoin is becoming a parallel reserve, whether anyone acknowledges it or not.
