2026-01-10 16:21:09

The recent wave of Bitcoin sell-offs has indeed been quite intense. In the past 30 days alone, 1.14 million BTC have flowed out of the market. At the current price, this is equivalent to nearly $300 billion worth of Bitcoin re-entering circulation.

However, on-chain data suggests that the situation is improving. The supply ratio between long-term holders and short-term holders has dropped to -0.53. What does this usually indicate? The market is gradually forming a bottom. The selling momentum is already waning.

What's next? In the short term (from Q1 to Q2), expect mainly consolidation, and don't anticipate significant market movements. The opportunity for sustained upward movement might only become more apparent in Q3. The key now is patience—don't be scared off by short-term fluctuations.

BTC0,4%

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CoffeeNFTs

· 01-10 16:50

This data is indeed frightening, but I've seen this ratio of -0.53 a few times before. Every time they say it's bottoming out, and the result? Hehe. Waiting for Q3? I don't have that patience. Maybe I should just focus on mining some airdrops first.

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FastLeaver

· 01-10 16:49

Well... we can only hope in Q3, so are we just here to play along for now? --- 1.14 million coins have been moved out, sounds intimidating, but the -0.53 data is actually a bit interesting. Let’s take it slow and see if it’s forming a bottom. --- It’s just consolidation again, and waiting and waiting. Listening to this has given me calluses on my ears haha. --- $300 billion in circulation. It feels like someone is secretly accumulating. --- Don’t be scared? I’ve been scared stiff long ago. Anyway, just holding. --- Q3... so if I buy now and wait half a year, right? Alright, I’ll take the gamble. --- The supply ratio of -0.53, honestly, I usually don’t understand this kind of data, but since it’s said to be forming a bottom, I’ll believe it.

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OnchainUndercover

· 01-10 16:30

1,140,000 tokens have been sold, but based on the data, the selling pressure indeed seems weak. We'll see the true picture in Q3.

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SilentAlpha

· 01-10 16:27

Wait, does the -0.53 ratio really mean a bottoming out? It feels a bit uncertain.

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ApyWhisperer

· 01-10 16:26

$300 billion sell-off is really crazy, but the -0.53 data looks quite comfortable, huh? Will Q3 take off again? Then I should buy the dip now, right? Wait... are your Q1 and Q2 judgments reliable? Wait, is this the bottom or just a continued dip? On-chain data has fooled me more than once. Doesn't that mean we're not at the lowest point yet and have to wait until Q2? Short-term fluctuations are indeed annoying, but an outflow of 1.14 million coins... where did such a large amount come from?

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