Biggest Holders Quietly Crushing Bitcoin’s $90K Dreams with Stealthy Moves”‘, ‘reasoning_content’: None, ‘name’: None, ‘tool_calls’: None}, ‘finish_reason’: ‘stop’, ‘logprobs’: None}], ‘usage’: {‘prompt_tokens’: 970, ‘total_tokens’: 990, ‘completion_tokens

by

Here is Why <a href="https://jpyxx.com/btc-usd/">Bitcoin</a>’s Rally Keeps Failing Near $90,000

Long-term Bitcoin investors aren’t selling their holdings. They’re gradually taking profits, and this subtle shift is changing the daily patterns of Bitcoin trading.

Key Takeaways

  • Bitcoin’s price pressure is coming from long-term holders monetizing positions, not panic selling.
  • Derivatives activity is creating steady sell pressure despite strong spot demand.
  • Market structure, not sentiment, is now driving short-term Bitcoin price action.

Instead of simply selling their Bitcoin, long-term investors are using more complex financial tools to earn income from their holdings. This creates a gentle downward pressure on the price, but without a large number of coins actually being sold off.

Why “Strong Hands” Are Creating Weak Price Action

Despite consistent demand for Bitcoin, with new investment flowing into spot ETFs and many long-term believers remaining, the price hasn’t been able to sustain upward momentum. Attempts to break through price ceilings keep failing, and the value mostly moves sideways or even declines.

The reason lies in who controls supply.

People who’ve held Bitcoin for a long time already have a supply they can use. When they want to earn returns, they don’t have to sell their actual Bitcoin – they can use strategies that involve selling the *potential* for future Bitcoin. This doesn’t decrease the amount of Bitcoin they own, but it does create a consistent pressure that can slow down price increases.

A Market Moved by Mechanics, Not Sentiment

Once these trading positions are set, the impact moves to other players. Those managing the risk from these trades will predictably react by selling Bitcoin to reduce their exposure.

From my analysis, this isn’t the typical pattern of a large sell-off, or ‘whale dump.’ Instead, I’m seeing consistent resistance at certain price levels, with any upward movement quickly being capped. The price action feels weak and doesn’t seem to reflect actual buying interest, which is quite frustrating.

Sometimes, even when Bitcoin seems fundamentally sound, its price can fall. This isn’t necessarily because people are losing faith in Bitcoin, but rather due to temporary market conditions and technical factors.

Why ETFs Aren’t “Saving” the Price

ETF inflows are real, but they aren’t dominant.

In the early days of Bitcoin, when people bought it directly, increased investment usually led to price increases. Now, however, trading in futures and other derivatives can offset that demand. Every time there’s a surge in buying, it’s often met by selling from those hedging their existing Bitcoin holdings, effectively balancing it out.

This explains why demand for Bitcoin ETFs isn’t necessarily driving up the price. Some investors are buying Bitcoin through ETFs to gain exposure, while others are selling Bitcoin they already own to reduce risk in other areas of their portfolios. This creates a balance, preventing significant price increases.

A Bitcoin Market That Has Grown Up

This change signals a new phase for Bitcoin. The market is moving away from just people buying and holding onto the cryptocurrency. Instead, it’s now heavily influenced by larger, more complex financial players who carefully manage their money, watch for price swings, and seek returns.

Increased complexity creates a more active and robust market, but also adds new challenges. Price movements are no longer simply driven by positive news; they’re now more influenced by how people are positioned in the market.

Bitcoin’s price will probably continue to fluctuate and stay within a limited range as long as its biggest owners focus on earning income from it rather than trying to predict and profit from price increases.

What Breaks the Pattern

For the price to consistently go up, we need to see a real shift in how people are acting, not just positive news. This means either long-term investors need to stop selling off their holdings for profit, or there needs to be a huge surge in buying that can offset the constant selling pressure.

For now, the Bitcoin market is a bit strange: people are confident and want to buy it, but its price doesn’t seem to have much room to grow.

As I’ve been observing, this recent market activity isn’t necessarily a reflection of Bitcoin’s inherent flaws. Instead, it seems we’re entering a new stage where the focus is shifting from just the price and news cycles to *who* is holding Bitcoin and, more importantly, *how* they’re actually using it.

This article is for informational purposes only and shouldn’t be considered financial, investment, or trading advice. Coindoo.com doesn’t support or suggest any particular investment or cryptocurrency. Always do your own research and talk to a qualified financial advisor before investing.

Read More

2025-12-14 14:22