Bitcoin's 2026 operational mechanism changes: Technical optimism can't hide structural concerns

2026-01-09 07:40:11

【Crypto World】Bitcoin enters 2026, and its operating logic has changed significantly. The technical outlook looks good in the short term, and it seems possible to take more aggressive actions, but where are the problems? The overall macro signals are actually sending a contrary message — whether the bull market can continue is really in question.

Looking back at history, there is a solid pattern: when the price falls below the 1-year moving average, and trading volume begins to decline with capital inflows noticeably weakening, this combination indicates that the market is entering a more tricky zone. It’s not a capitulation sell-off, nor a bubble top frenzy, but a passive oscillation stalemate.

What do on-chain data say? Large holders are slowly reducing their holdings, systematically offloading, which offsets the buying power of small retail investors. The result is a long-term high-level consolidation — no one wants to sell everything at once, but no one is rushing in to buy either. Realized market cap inflows are weakening, and the growth of new addresses is slowing down, indicating a stark reality: new money isn’t coming in, and new player enthusiasm is limited. This is the most concerning part.

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DevChive

· 01-11 01:05

Whales are quietly fleeing, and we're still here picking up the pieces. Laugh out loud... --- High-level oscillations are just the prelude to a cut of the leeks. How many times have we seen this? --- Technical analysis is useless; on-chain data tells the real story. --- The signal of sluggish trading volume is too obvious, but who dares to admit it? --- When the moving average breaks below the one-year mark, I knew something was wrong. --- Slowing growth of new addresses? It indicates that retail investors are all numb and trapped. --- High-level oscillations with no buyers are the most terrifying, draining your confidence. --- Whale selling to hedge retail buying power—that's the real game. --- Short-term technicals look good but are just an illusion, a trick to lure in fools. --- Weak capital is truly a death signal; the bull market is simply unthinkable.

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NFTregretter

· 01-09 20:11

The big players are quietly offloading again, and we're retail investors still here picking up the bag... This situation is really starting to become hard to hold on.

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PanicSeller

· 01-09 08:08

The big players are starting to sell off in an orderly manner, and I find it hard to watch. Claims that the technicals look good in the short term are just tricks to deceive retail investors. The key issue is that the trading volume is there, but it's shrinking. The high-level oscillation and passive situation just mean we're waiting to be harvested. It's pointless.

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ArbitrageBot

· 01-09 08:05

Large investors are starting to sell off in an orderly manner, this is getting interesting... Small retail investors lack the motivation to buy in --- The technical outlook looks good, but on-chain data tells the real story. Right now, it's just bottoming out --- Stalemate with high-level oscillations? I just want to know when this situation will break --- Orderly selling to hedge buying power, sounds like a bad sign --- The most painful thing is the sluggish trading volume; a rise without volume is just artificial inflation --- The problem is that big players are all fleeing; who will take over this market? --- Moving averages, trading volume, and capital inflow—if all three conditions are met, it’s indeed troublesome --- Is the bull market still continuing? I think the question mark should be turned into an exclamation mark --- Growth of new addresses is slowing down, indicating new retail investors are not coming in either --- One word: wait

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LiquidationHunter

· 01-09 08:05

Are the big players quietly running away while we small retail investors are still sleepwalking? This is the gap. --- Technical analysis shows the on-chain data dancing; anyone who believes otherwise is just naive. --- It's the same old story—high-level oscillation is just the prelude to a cut-loss event, be cautious. --- Moving averages are about to break, and you still dare to be aggressive? You're just asking for trouble. --- Funds inflow is weakening, and new addresses are slowing down... This signal couldn't be clearer; it's going to be a cold winter. --- No one is taking the bait, only those who run early make money. --- Isn't this just the beginning of a passive decline? But no one wants to admit it. --- Big players reduce holdings, retail investors take over; this routine works every time. --- Is the bull market continuing? Wake up, everyone, a volatile period is coming.

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BlockchainNewbie

· 01-09 07:44

The signals of large holders reducing their positions are so obvious, retail investors are still sleepwalking, this market is really hanging by a thread --- Stuck in a high-level oscillation deadlock? Basically, no one dares to buy in, it's painful to watch --- What’s the use of good technicals when capital inflow is weak? That’s the real problem --- Same old trick again, the bull market is just a joke, it’s time to wake up --- Even with the one-year moving average broken, you still dare to be aggressive? You guys are really bold --- The slowdown in new address growth is a major signal, is it time to reduce your holdings?

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