#比特币价格走势 Bitcoin is oscillating within the $85,000-$90,000 range, and this phenomenon is worth paying attention to.

On the surface, the end-of-year optimism in traditional financial markets has not transmitted to crypto assets, but the deeper on-chain signals are more interesting. While mainstream narratives are still discussing "seasonal rebounds," on-chain activities of whale addresses, exchange inflow and outflow data, and changes in holdings of major contract addresses are the true drivers of price.

Currently, this consolidation range may be a process of market re-pricing—what signals are institutional investors waiting for? Has retail investor enthusiasm truly cooled? Tracking large transfers and net exchange outflows can often help predict the next move earlier.

In the short term, breaking through this range requires additional capital or clear on-chain signals; otherwise, it’s not surprising to see continued time spent within this box. The key is not to be swayed by market sentiment—data will speak.