#2026年比特币价格展望 🚨 Are Bitcoin whales quietly reallocating their positions? There's some interesting insight behind the data

This past year, the actions of large coin holders have been somewhat subtle. About 220,000 Bitcoins are moving within the wallets of the big players — this doesn't seem like simple selling, but rather an adjustment of asset allocation. Meanwhile, miners are having a tough time. Hash rate growth has stagnated, and the root cause is twofold: losing money. When BTC price hovers around $95,000–$96,000, miners' marginal costs become the ceiling💸.

An interesting phenomenon has emerged — the one-year implied volatility of BTC has hit a historic low, dropping to 42%. There is an old market rule: low volatility often breeds change. Generally speaking, after a period of calm, the market tends to enter a few months of range-bound oscillation before igniting the next rally📈.

What does the current situation look like? Long-term holders generally have low costs, and mining remains profitable, but new whales are itching to take profits near $99,000. Although BTC is being suppressed, it hasn't reached free fall yet. The key is to wait — in a low-volatility environment, perhaps this is just the quiet before the next all-time high🎯.