Bitcoin: Uh Oh. Is This It?

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So, Bitcoin. Still a thing, apparently. It’s basically just…existing right now. Flat as a pancake, down a bit, the usual. But don’t let the stillness fool you. Beneath the surface, it’s like a tiny, digital avalanche is building. Four things are happening, all at once. A chart is looking sad. People who used to really, really believe are now quietly booking profits. Those new ETF things? Not exactly setting the world on fire. And the people buying now? Well, let’s just say they’re the kind who are easily distracted by shiny objects.

Alone, these signals are shrug-worthy. Together? They suggest Bitcoin is losing its grip on reality at a very inconvenient moment.

The Chart Looks Like a Disappointed Face

If you stare at the Bitcoin chart long enough – and trust me, some people do – you’ll notice it’s forming what the professionals call a “head-and-shoulders” pattern. I call it a disappointed face. It means it tried to go up, failed, tried again, failed harder. The important line to watch? $86,430. The ‘neckline,’ they call it. Sounds medical, doesn’t it?

If it falls below that line, brace yourself. Experts say it could drop like a stone. Roughly 9-10%. That’s…significant. Or, you know, maybe it won’t. I’m just the messenger. Don’t blame me when your digital tulips wilt.

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And to add insult to injury, the numbers are all suggesting the same thing. It’s like all the indicators had a meeting and decided to gang up on Bitcoin. Very rude.

The Long-Term Believers Are Bailing

The people who held onto Bitcoin through thick and thin, the ones who were “in it for the long haul”? They’re… selling. A lot. On January 21st, they sold a bunch. The next day? Even more. A 61% jump. Sixty-one percent! That’s not a steady trickle, that’s a panicked stampede, only with digital money.

Apparently, they still have a profit, but they’re not feeling particularly confident about things going forward. It’s less “Oh no, we’re losing money!” and more “Well, we made enough. Time to buy a yacht.”

As one expert on ‘X’ so eloquently put it, it’s a “long-term supply release.” Sounds…dramatic.

Largest Long-Term Bitcoin Supply Release in History

“Bitcoin is not only undergoing a price cycle, but potentially a transition in who holds it and why-and long-term holder supply behavior is one of the clearest on-chain signals of that shift.” – By @KriptoMevsimi

– CryptoQuant.com (@cryptoquant_com) January 22, 2026

The ETF Buzz Is…Fading

Remember when Bitcoin ETFs were going to solve all our problems? They’re doing okay, I guess. But they just had their weakest week since November. A cool $1.19 billion in net selling. Talk about a downer. Even the ETFs have lost faith, it seems.

And to make matters worse, a bunch of short-term traders are starting to pile in, buying the dips and prepping to sell at the first sign of…well, anything. They’re not exactly known for their long-term commitment.

Basically, the responsible investors are leaving and the day traders are moving in. That’s never a good sign.

What Does It All Mean?

So, where does that leave us? Basically, everything is pointing in the same direction: down. If Bitcoin can climb back above $90,340 and even better $92,300, maybe it can salvage things. But if it falls below $86,430? Buckle up. It could get bumpy. Especially with all these short-term traders waiting for a quick profit.

Honestly, I’m just hoping this whole thing doesn’t end up like Beanie Babies all over again.

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2026-01-23 10:36