2025-12-31 09:23:19

Recently, Bitcoin's on-chain activity has shown some interesting changes. Data indicates that from mid-December to the end of the month, the average USD value per transaction dropped from $46,610 to $24,897—almost a 47% cut. However, during this period, Bitcoin's price remained quite stable, oscillating within the $87,000-$88,000 range.

Why is this happening? The concentration of holdings provides some clues. This indicator remained almost unchanged from December 25 to 30, stuck at 14.4%. What does this mean? The willingness of large holders to trade has significantly decreased. Some analysts believe this may be related to American investors' holiday mode—people are on vacation, naturally less inclined to trade, leading to a cooling of market liquidity.

What’s next? Once the holidays end and the market becomes active again, the concentration of holdings may rise back to a certain critical point, then either continue to push higher or suddenly drop sharply. Currently, it’s a phase of buildup.

BTC0.74%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

15 Likes

Reward
15
5
Repost
Share

Comment

0/400

BlockImposter

· 3h ago

The 47% cut in half but the price remains stable? This logic doesn't quite hold up; it seems major players have already run away. --- The excuse of holiday mode is a bit far-fetched; the big fish have long been lying in wait. --- 14.4% firmly stuck, isn't this just brewing the next wave? Let's wait and see how it explodes at the beginning of the year. --- Liquidity cooling = institutions are accumulating; this buying and selling is stable. --- Trading volume has halved, but Bitcoin remains unmoved. What does that mean? It indicates price suppression to absorb supply. --- Once the Americans finish their holiday, it will be over, and then another wave of madness.

View OriginalReply0

MysteriousZhang

· 4h ago

The big players are really on vacation, no wonder it's so quiet.

View OriginalReply0

WenMoon

· 4h ago

Holiday mode is just a cover; I think this is just big players shaking out the market. Waiting for the New Year to start with a bang, someone has to take the buy-in. Trading volume halved but prices remain stable, something's not right. Chips stuck for a week, this rhythm is indeed a bit strange. Liquidity cooling down is good; big players are quietly positioning. Prices stable but trading volume drops? Where's the supposed selling? This opening wave of the New Year might see some bloodshed.

View OriginalReply0

GateUser-75ee51e7