Bitcoin started the new year around $95,720, experiencing minor fluctuations within a range-bound market. While signs of stagnation appear, underlying trends indicate a potential shift in market dynamics, with decreased selling pressure and increased accumulation by long-term holders. Recent data shows accelerated outflows from exchanges, depleting immediate supply, yet buyer interest remains cautious. Long-term holders are stabilizing their positions, indicating no panic selling, while the current market faces uncertainty that could hinder a surge to $100,000 without positive catalysts.