2026-01-17 08:50:11

#数字资产市场动态 What is the true driving force behind the recent selling pressure of BTC?

Many people habitually blame retail panic selling for the decline, but on-chain data and market structure reveal a different story—the profit-taking behavior of large holders is the key driver.

When Bitcoin pulls back from high levels, it is often accompanied by orderly reduction of holdings by institutions and large investors. This is different from retail panic; they are more rational and patient, controlling market impact through phased selling. In other words, this is not panic selling but carefully designed risk hedging.

Understanding the true intentions of market participants is essential to avoid being misled by surface fluctuations. The long-term survival rule in the industry is not to chase every rebound, but to understand who is selling, why they are selling, and how they are selling. These details determine your position in the next cycle.

BTC0,84%

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RooftopReserver

· 6h ago

Whale sell-offs are just sell-offs, no need to sugarcoat it... On-chain data indeed shows the issue, but retail investors being cut is always part of the predetermined rhythm.

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AirdropLicker

· 6h ago

Whales cash out, and we retail investors are just tools to take the fall. If you ask, it's because you believe in long-term value.

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OffchainWinner

· 7h ago

Ha, to be honest, it's still the big players harvesting the little guys; we retail investors are just being used as cash machines. The big players are really clever; by selling in batches, we can't keep up. Understanding the market isn't as good as understanding our own stop-loss levels, really. This wave of selling pressure was obvious early on; it's just that we didn't have the money to buy the dip. No matter how transparent on-chain data is, it can't change the fact that we're always a step behind.

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DeFiVeteran

· 7h ago

Large investors selling in batches—I've heard this excuse too many times. The key is, how can we retail investors follow and eat the meat? --- Basically, it's the whales unloading, and we're just taking the bait. --- Those who truly understand have already cashed out. The ones still flooding the forums with analysis... haha. --- On-chain data is so obvious, why are the coins still falling? I don't even believe in a rebound anymore. --- So the question is, when will the big players finish selling? I can't wait any longer. --- Instead of studying who is selling, it's better to first figure out how much you can still lose. --- Institutions are patient; I am not. I just want to cut losses quickly.

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GasFeeSurvivor

· 7h ago

Big whales run away, we pick up the pieces. This trick has been played for so many years and still works so well.

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