The crash was loud. The rebound is quiet. As traders panic, Bitcoin’s long-term holders are doubling down — defending the six-figure zone with diamond hands.
The sell-off was sharp — but not fatal. Bitcoin fell from $120,800 to $102,000, triggering mass liquidations, yet the net decline was only 7%, showing the market’s underlying strength.
While short-term traders panicked, on-chain data tells a different story. Addresses holding BTC continued to rise throughout the dip, and Spent Coin Age Bands confirm that most selling came from short-term wallets, not veterans.
Long-term holders — coins aged 180 days to 2 years — barely moved. Translation: diamond hands are still diamond.
This calm under pressure hints at structural confidence around the $100K zone, which now serves as both psychological and technical support.
The technicals agree. After a three-month bearish RSI divergence that foreshadowed Bitcoin’s 19% drop, a bullish divergence is now emerging.
📈 Here’s the setup:
That pattern — historically — has preceded rebounds of 10–20%.
Key resistance zones: → $113,600 → $116,800 → $120,800
Critical support: → $109,100
Defensive zones: → $106,400 → $101,900
A daily close below $101,900 would confirm a new bearish trend. Until then, sub-$100K looks unlikely.
Two types of traders define this phase:
This dynamic — panic vs patience — often marks a transition zone before measured recovery.
As one analyst noted:
“Bitcoin isn’t breaking — it’s resetting leverage.”
If bulls can hold $109K–$111K support through the next two weeks, Bitcoin could stage a technical rebound toward $120K+.
A successful retest of $100K would also confirm the level as macro support heading into the next cycle.
The sentiment is cautious — not euphoric. That’s usually when real rallies begin.
This moment captures the new Bitcoin maturity: No hysteria, no denial — just conviction.
While traders chase short-term volatility, long-term holders are defining the market’s floor, not whales or ETFs.
Bitcoin’s narrative remains intact: Scarcity, security, and time preference still rule the game.
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