2026-01-12 20:21:12

Recently, BTC surged to $90,000, and all kinds of voices are flooding in. Friends are showing off their gains, beginners are asking whether to chase the rally, and some are shouting "Bull market restart heading straight to 150,000." But what is the true driving force behind this wave of increase?

Based on my market observations, this rally is not supported by fundamentals but is a classic liquidity game. When the market becomes lighter and trading depth is insufficient, a small amount of capital can create huge volatility. This is exactly the hunting environment that whales prefer.

Let's look at on-chain data. In the past 6 hours, a group of highly correlated whale wallets, in cooperation with mainstream exchange liquidity pools, net bought a total of $1.7 billion worth of BTC. This is not scattered retail behavior but organized and disciplined collective operation. Through address clustering analysis, it can be seen that these wallets have clear funding connections behind them, and the flow of funds can also be tracked on blockchain explorers.

The problem is that most people either don't know these tools or can't understand on-chain data. This gives big players room to manipulate the market. They first raise the price through a few key moves, creating FOMO sentiment, attracting retail investors to follow and buy in. Once the target is reached, funds quietly withdraw.

Having immersed myself in this market for so many years, my biggest takeaway is: don't be hostage to short-term trends and emotions. On-chain data doesn't lie, but people do. Those shouting loudly to "get in" are often signals of last-minute high-positioning. What should the real operation logic be? Don't rush to chase highs; first learn to read the on-chain stories to see the truth clearly.

BTC-3,86%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

16 Likes

Reward
16
6
Repost
Share

Comment

0/400

NFT_Therapy

· 01-14 14:29

Those showing off their positions on Moments, I bet five bucks they're all trapped at the high. Another group of people is about to get caught holding the bag, what a pity. This is the real game of wealth transfer.

View OriginalReply0

quietly_staking

· 01-12 21:26

Here comes the pump scheme again, throwing in $1.7 billion just like that? It's too obvious. On-chain data has already seen through it, retail investors are still hyping in their social circles. Those chasing the high are all bagholders; I'm just here watching the show.

View OriginalReply0

OldLeekMaster

· 01-12 20:50

Showcase profits on Moments are all screenshots; actual holdings are another story. Chasing highs is just handing over the buy-in to whales. How many times do I have to say this? On-chain data is right there; most people just don't look, serves them right to get cut. 150,000? Laughable. First, take a look at who is accumulating this 1.7 billion.

View OriginalReply0

ZKProofster

· 01-12 20:48

honestly the address clustering analysis here is solid, but let me be real—most people won't even bother checking the on-chain data before fomo-ing in. technically speaking, anyone with basic knowledge of merkle trees and commitment schemes could trace these whale movements themselves, yet somehow everyone's still chasing the 15k narrative. the protocol doesn't lie, people do. exactly this.

Reply0

ProofOfNothing

· 01-12 20:32

People showing off their earnings on Moments, wait for high-level bagholders Here comes the old FOMO routine again, wake up $1.7 billion net buy-in? Is this data real or fake? You have to verify it yourself Chasing highs is just giving money to the whales, honestly If you can't understand on-chain data but still claim to be trading crypto, laugh out loud Big fish eat small fish, the eternal game rule Bitcoin rising so fast, suspicious, too quick, something's off Retail investors rushing in at this time, 99% of the outcomes are the same

View OriginalReply0

Deconstructionist

· 01-12 20:23

It's time to be cautious when showing off your trades on Moments, and this time is no different. --- $1.7 billion concentrated buy-in within 6 hours, a play that retail investors can't see. --- It's the same old story: pumping the price to take over, then cutting losses at high levels, a cycle that repeats. --- Why are there so many people not looking at on-chain data... Wake up, everyone. --- Those shouting "buy in now" at high levels are basically synonymous with bagholders. --- Don't worry, you'll see the outcome once the big players quietly withdraw. --- 150,000? Come on, learn to read the data first before talking nonsense. --- This is why I never follow the crowd; the truth is on the chain. --- Liquidity games, I know this routine all too well.

View OriginalReply0