Bitcoin has been consolidating for nearly a month after a sharp decline from its high. While the market remains sluggish, there are no signs of a crash, and this trend looks somewhat similar to late 2022.



Several signals are worth noting: the weekly RSI has entered the oversold zone, and the Fear & Greed Index has dropped to extreme fear levels. Have you noticed that almost no one is discussing market trends in the crypto trading groups now? On CT, it's all doomsday talk, and market sentiment has hit rock bottom.

However, based on on-chain data, the situation might not be as bleak as it seems. The distribution activity of large BTC holders has noticeably weakened, and institutions and whales are quietly accumulating. The support levels below are holding quite steady. In simple terms, when everyone is bearish, smart money might already be positioning.
BTC1.2%
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SatoshiHeirvip
· 7h ago
It should be noted that this freezing point of market sentiment is precisely the best window for us to re-examine the Satoshi Nakamoto white paper. The silence of the community often indicates the rebuilding of value consensus, rather than its end.
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HalfPositionRunnervip
· 7h ago
It's the same trick again. They said the same thing at the end of last year, and what was the result? Now I'm starting to believe it a little.
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just_here_for_vibesvip
· 7h ago
Nobody is talking anymore? That's right, the bottom should be this quiet. Last time in 2022, the group was dead silent, and now who still remembers how desperate it was back then.
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CexIsBadvip
· 7h ago
It's the same trick again—when no one is talking in the group, that's usually when the opportunity comes.
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Web3ExplorerLinvip
· 7h ago
hypothesis: when fear indices hit extremes like this, it's basically the market's way of testing the byzantine agreement between retail panic and institutional accumulation... the silence in those group chats? that's actually the oracle whispering what's coming next
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AirdropworkerZhangvip
· 7h ago
This trend is just sitting there; sideways movement is accumulating energy. When it suddenly jumps one day, many will regret missing out.
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HypotheticalLiquidatorvip
· 7h ago
The biggest fear during extreme fear periods is the chain reaction of liquidations... seemingly stable support levels often can't withstand a wave of leverage liquidations and the domino effect. --- Whales are accumulating positions; I care more about whether the current borrowing rate is still high — that’s the real signal of systemic risk. --- End of 2022? I was looking at health factors then; this time, we need to watch out for orders with concentrated liquidation prices. --- Market sentiment hitting rock bottom isn't scary; what's scary is who is holding at low levels and who hasn't closed their positions at high levels yet. --- It’s easy to appear smart by deploying capital, but the process of deleveraging is often much more brutal than imagined.
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