#比特币投资主题 Seeing this wave of data, a familiar feeling arises. Over the past ten-plus years, every major dip has been followed by such chip reconfiguration, but this time the rhythm feels somewhat different.

From October 11th to now, long-term holders are engaging in large-scale distribution, which in itself is worth pondering. 2.536 million BTC are accumulated in the $80,000-$90,000 range, and behind this drastic change in cost structure is a complete shift in market sentiment from greed to fear. I’ve noticed that the chips accumulated before the 2024 US election, particularly those with costs in the $60,000-$70,000 range, are under the greatest selling pressure. These people have made nearly $100,000 and are still eager to exit, which indicates what? It suggests that the market has shifted from rational cyclical concerns to deeper insecurities like quantum threats and macro uncertainties.

But there’s a detail that’s quite intriguing—only 190,000 BTC remain in the $70,000-$80,000 range, almost becoming a vacuum zone. Such an extreme gap never exists in vain. History tells me that whenever there’s such a discontinuity in chip distribution, it often signals that new support forces are gathering. Similar reconfigurations occurred during the 2015 bottom, the 2018 breakdown, and the panic selling in 2020.

The current question is whether new participants can enter in time to fill this gap. If they can, it’s a healthy transfer of chips; if the price continues to fall below this range without anyone stepping in, then we should really be worried. Currently, the floating profit chips have an advantage over the floating loss chips, but that advantage is shrinking, and the momentum is shifting. The next 24 to 48 hours will be critical.