2026-01-08 15:28:31

The game rules of Bitcoin are changing. As major players like MicroStrategy and Grayscale hold hundreds of thousands of BTC, a new phenomenon has emerged in the market—the holder's stickiness is increasing, and the willingness to sell has significantly decreased. This directly breaks the "halving" curse in historical cycles.

The emergence of "sticky supply" weakens the predictive power of previous on-chain signals, and volatility is no longer intense; instead, it may enter a long-term sideways trend. Liquidity is also quietly shifting to other assets, which means that the profit potential of shorting Bitcoin has been severely compressed—high risk, low return.

This shift in market structure is worth noting, as it changes the applicability of traditional cycle theories.

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MercilessHalal

· 01-11 12:19

Big institutions hoarding coins essentially means turning BTC into a treasury. Who dares to dump the market? Long-term sideways movement is even more annoying, more torturous than a sharp decline.

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ExpectationFarmer

· 01-09 09:56

Large investors hoarding coins and locking them up, retail investors can only watch... Now they've really changed the rules.

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GasFeeCryBaby

· 01-09 05:09

Large investors hoarding coins... To put it simply, no one dares to dump the market now. The thrill of a 50% crash is truly gone. Sideways trading? I wouldn't be surprised if it lasts for more than half a year without a clear trend, it's killing the enthusiasm. The opportunity for shorting has been completely blocked, and that's where the real excitement lies.

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EyeOfTheTokenStorm

· 01-08 15:56

The concept of sticky supply sounds good, but I have to pour cold water on it—whale hoarding ≠ market ceiling. Don't forget how those vows of "never selling" in 2021 ended. Long-term sideways trading is easy to talk about, but a real liquidity crisis could be even more deadly than a 50% drop.

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ProofOfNothing

· 01-08 15:55

Big institutions band together for mutual support, while retail investors are still sleepwalking. This is probably the current BTC market. MicroStrategy keeps holding tightly without letting go, and the selling pressure from retail investors can't even create a wave. It's a bit frustrating. Sticky supply sounds sophisticated, but in reality, it's just big players locking in their positions before they cut the grass. Long-term sideways trading is the most torturous. No more chances for shorting? Then the bulls shouldn't be too arrogant either. Wait until liquidity truly dries up—that's when the show begins. Cycle theory is invalid? Ha, is this time really different? Why do I keep hearing this phrase?

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FrogInTheWell

· 01-08 15:53

Big whales hoarding coins without selling, small retail investors have no chance to buy the dip... This is the real game-changer. Sideways trading? How am I supposed to make money then, brother? The profit margin for shorting has been compressed, so the bulls have to take it slow. Anyway, I'm not in a hurry. Sticky supply sounds advanced, but basically it means big players hold on tightly, while retail investors tremble. Isn't this logic reversed? Liquidity should shift to other coins, right? MicroStrategy is really smart this time, becoming the biggest threat to Bitcoin haha. Cycle theory is invalid? Then all those predictions from big influencers before were just talk.

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CounterIndicator

· 01-08 15:49

Large institutions' bottom fishing has changed the game rules, and this time it's truly different MicroStrategy and others are holding onto BTC tightly, and our retail investors' prediction space has been squeezed out The profit space for short selling has been suppressed, and we can only watch the sideways movement Traditional cycle theory should retire; a new era calls for new rules Sticky supply, to put it simply, means institutions no longer want to sell Short-term sideways, long-term bullish, betting that these big players won't dump Liquidity moving elsewhere, is Bitcoin liquidity anxiety beginning? The halving curse has been broken, what will the next curse be? On-chain signals failing—this very signal is the biggest signal Institutions' influence is growing stronger, retail investors' influence is weakening—this is the current market

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OfflineValidator

· 01-08 15:48

Whale accumulation really changes the game. The old theory of halving is now basically invalid. Consolidation is probably the new normal.

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WalletManager

· 01-08 15:34

I've long understood the concept of sticky supply. The coins in large cold wallets are basically inactive, and on-chain liquidity is indeed shrinking. It's correct that the shorting space is being suppressed, but I think the real opportunity lies in identifying which wallets are genuine long-term holders—this requires careful analysis with multi-signature auditing tools. The risk coefficient of sideways trading isn't actually that low; it mainly depends on whether your asset allocation is diversified across other chains.

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FloorSweeper

· 01-08 15:30

Whales holding together and not letting go—if this continues, Bitcoin will really become digital gold... The sideways trading era has arrived; guys who are shorting should consider changing careers.

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