2026-01-12 16:26:09

As of mid-January, Bitcoin has been oscillating within the 91k-91.7k range, with the latest quote around $91,200. Compared to last year's high of 126k, it has already retraced 27-28%. During this period, large institutions have begun a new round of accumulation—buying 1,287 units just at the beginning of January, bringing the total holdings to 673,783 units, with an average cost slightly above 75k. The purchase volume over the past week has been even more aggressive, with holdings approaching nearly 687k units.

The significance of this continuous accumulation warrants a re-examination. It is no longer about betting on cycle rotations but about viewing Bitcoin as a "serious long-term reserve asset." Institutions are continuously buying through debt financing and equity issuance. While retail investors cannot replicate this financing method and scale, the underlying allocation logic can be fully referenced—in a maturing market phase, Bitcoin's store of value property is being solidified, surpassing the single expectation of getting rich in the next bull run.

Looking back at the market in 2025, the end-of-year decline disappointed many participants, and the cyclical frenzy has indeed come to an end. But the real turning point is that the era of institutionalization has arrived. Strategy has taken the lead, and other large asset management firms and sovereign funds will gradually follow suit. Bitcoin's identity is quietly transforming—from a "speculative asset" to a "hedging tool." This means that accumulation is no longer just a gamble but a standard part of asset allocation, used to hedge inflation risk, government debt expansion, and fiat currency devaluation pressures.

In the short-term market, another signal emerges. During the repeated bottoming in the 90k-95k range, on-chain whales continue to hoard coins, the amount of Bitcoin flowing out of exchanges is steadily increasing, and the proportion of long-term holders is also rising. From a technical perspective, the volatility has narrowed (Bollinger Bandwidth compressed). This lack of directional movement in the oscillation pattern most likely indicates a bottoming process, followed by a slow and steady upward climb.

BTC1,55%

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BlockDetective

· 01-12 16:52

Big whales are accumulating coins at the bottom, institutions are quietly hedging, and retail investors are still debating whether to buy or not. Who is really playing the game?

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SilentObserver

· 01-12 16:49

Institutions are hoarding coins like crazy, and us retail investors are just left to watch the dust settle. The gap is really hard to compare. What if there's a 27% correction? They already bought the dip at a cost of 75k long ago, and we're still hesitating at 91k. Signals of bottoming out are everywhere, but how long do we have to wait before the real takeoff? Anyway, I'm just going to relax. Hedging tools? Sounds fancy, but it's really just another way for institutions to gamble. Big players hoarding coins and exchanges releasing coins—this combo punch has some tricks, but I still can't see when the real rise will happen. Lower volatility means a bottoming? I've heard that many times, but it still keeps cycling back and forth.

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ProposalManiac

· 01-12 16:43

This wave of institutional actions has indeed changed the game rules, shifting from gambling cycles to asset allocation — this is not a rank upgrade, but a complete switch in governance logic. Speaking of which, the real question is: do retail investors have the appropriate incentive mechanisms to follow this shift? Just looking at institutional accumulation data while still gambling on the next bull market essentially involves two different game frameworks, and the mentality of losing out in the end is poor. The number of large holders accumulating coins is increasing, indicating that bottom consensus is forming, and that’s fine. But I am more concerned about — under the expectation of a "slow upward climb," will there be another round of shakeouts? Historical lessons tell us that the biggest risk in building a bottom is a false breakout followed by a sharp decline, which would lead to another round of retail investors cutting losses. From a mechanism design perspective, if you must participate, establishing your own risk management framework is more useful than just watching K-line charts.

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UncommonNPC