Overview
- Bitfinex large holders have been cutting long positions since a late‑December peak near 73,000 BTC, with price holding in a tight $88,000–$92,000 range and $94,000 acting as near‑term resistance.
- The count of addresses with 100+ BTC has reached an all‑time high, even as 1,000–10,000 BTC wallets reduced balances by roughly 220,000 BTC over the past year.
- Glassnode’s Value Days Destroyed multiple remains low around 0.52, indicating dormant coins are largely unmoved despite reports that 30‑day long‑term holder supply has turned negative.
- Fidelity notes one‑year realized volatility near an all‑time low of 42%, aligning with a consolidation phase alongside continued declines in exchange balances.
- Analysts warn that sustained upside likely requires fresh demand to absorb supply if price approaches the ~$99,000 level where newer whales may look to exit at break‑even.