2025-12-25 10:27:21

Christmas holidays, the crypto world party is freezing. Bitcoin fluctuates back and forth between $87,000 and $88,000, as if locked in place, while Ethereum has directly fallen below $2,900. Such K-line movements show no clear direction.

Why is this happening? Holiday liquidity is already poor, plus this Friday’s options expiration is building market short positions. More painfully, since soaring to a high of $126,000 in October, those false prosperity built on high leverage is gradually being squeezed dry. The market has entered an awkward "wait-and-see" period.

But here’s the interesting part—on the surface, everything seems dead, but underlying currents are surging. In the past three days, Bitcoin’s trading volume hit a six-month low, yet on-chain data tells a different story. Although active addresses have decreased by 22%, long-term holders are quietly accumulating. These people, regardless of short-term fluctuations, are steadfastly buying in.

History always follows patterns. From the $126,000 high, this correction is about 30%. Bull markets typically experience a 25% to 35% correction, aimed at clearing high leverage and short-term traders. The latest reports from Bitwise and Grayscale point to the same conclusion: the era of institutional accumulation has indeed arrived. Just in 2026, the incremental demand for Bitcoin spot ETFs alone could absorb a large amount of liquidity. From this perspective, the current adjustment is more like the last gasp before a surge.

BTC0.94%

ETH0.55%

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MidnightTrader

· 7h ago

Long-term holders are bottom-fishing, and that's enough. What's there to fear about short-term fluctuations? Wait, are your leverage positions still active? Seemingly quiet? Wake up, institutions are quietly accumulating chips. Poor liquidity during holidays is just an excuse; the key is that those high leverage positions have been cleared out. Serves them right. The demand for ETFs in 2026 is still there, so why panic now? A 30% correction is normal; this script has been written in history long ago. On-chain data is the real truth; low trading volume doesn't mean no one is buying. I'm asking, why are long-term holders still adding to their positions? There must be a logic behind it. This round of adjustment is actually a filter, to see who can survive until the next cycle.

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BearMarketGardener

· 7h ago

Long-term holders, I just don't understand the bottom-fishing part, anyway, I'm definitely inexperienced. --- The repeated fluctuations between 87k and 88k are really incredible, feels like being trapped in a certain dimension. --- High leverage being squeezed out, serves you right, it's time to wake up this time. --- The story of 2026 is too far away, I just want to know if the options expiration this Friday can loosen up. --- Looking at on-chain data is indeed interesting, but I still think the liquidity during holidays is too poor to be of any real reference. --- False prosperity is being exposed one by one, honestly, it feels pretty satisfying. This is what the market should look like. --- No matter how it fluctuates, I will buy. I can't adopt this mindset, brother. --- Falling from 126k to now, is a 30% correction normal? Then why am I still emotionally崩? --- Institutional accumulation is coming, right? Then doesn't that mean I become the bagholder? --- ETF incremental demand, let's talk about it in 2026. For now, I just want to see a clear direction.

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GateUser-afe07a92

· 7h ago

Long-term holders quietly accumulating, this is the signal I want to see --- Clearing high leverage positions is the normal script; the holiday observation period is really tough --- On-chain data doesn't lie; underlying currents are surging, just waiting --- The logic of ETF demand in 2026 is a bit ruthless, directly rewriting the future liquidity landscape --- A 30% correction to clear short-term traders, I can accept such an adjustment --- Holiday trading volume hits a six-month low, but institutions are still building positions, the contrast is too stark --- Behind the locked K-line is institutions silently buying, quite interesting --- False prosperity has been squeezed dry; this adjustment might truly be the darkness before dawn

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All-InQueen

· 7h ago

High-leverage retail investors, it's time to clear out; this wave is a bit painful. Long-term holders are quietly accumulating, while we're still debating short-term moves. Wait, should we be jumping in now for 2026? This quiet holiday season is actually a signal to bottom fish. Institutions are deploying, retail investors are still asking when it will rise—laughable. This 30% drop is just a sieve; only those who pass through the sieve are true believers. Forget it, just go all-in on the bottom fish.

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MevHunter

· 7h ago

Oops, long-term holders are buying the dip again. These people are really ruthless. The bearish momentum has been building for over a week. When will it really come? Holidays are indeed the best test of patience. Let’s see who still persists. The story of institutional accumulation is told every year. Whether this year is reliable or not remains to be seen. I feel that a 30% correction is just a shakeout. Falling below 2900 is normal operation. I really can't stand the liquidity drought in the market, it's like being trapped inside a box. The incremental demand for ETFs in 2026? Now even the story is being pushed back two more years. When long-term holders buy at the bottom, those with high leverage have probably already been liquidated. On-chain data and trading volume are completely mismatched. This is outrageous. I understand the mentality of bottom-fishing, but who can be sure that the bottom is right here? This wave of market movement feels like it's telling a story to institutions and brainwashing retail investors.

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