Late at night, a piece of data is spreading wildly among core players.
I have analyzed the on-chain chip structure of Bitcoin and discovered a surprising fact: in the $80,000-$90,000 range, 1.874 million BTC have accumulated in just two months, making it the current market's 'strongest support zone.' Meanwhile, the floating losses above and floating profits below are almost balanced, indicating that the price is at a critical 'middle zone.'
What’s even more intriguing is that when the market is in panic, on-chain data shows: in the past month, the funds stabilized through the Decentralized USD network have increased by 40% month-on-month. While Bitcoin's chips are undergoing drastic turnover, a portion of funds seeking absolute stability is quietly building their own 'digital breakwater.'
Key discovery: 1.87 million BTC's 'new defense line'
From October 11 to December 20, the chip distribution of Bitcoin underwent a significant shift:
1. The strongest support zone is forming
In the 80,000-90,000 USD range: an additional 1.874 million BTC, bringing the total to 2.536 million BTC
This accounts for about 13% of the total circulation on the network, piled up here
What does this mean? Whales and institutions are frantically accumulating here
2. Panic selling has basically been cleared
BTC with costs over 110,000 USD has decreased by 902,000 coins
What needed to be cut has been cut; what's left is basically 'lying flat'
However, the BTC cost at 100,000-110,000 has increased by 87,000 coins—someone is taking over against the trend
3. Gaps expose opportunities
In the 70,000-80,000 USD range, only 190,000 BTC remain, which is clearly a 'gap zone'
Once the price falls into this range, it will attract liquidity like a magnet
This could very well become the 'spring bottom' of the next wave of market conditions
Market truth: This is not a collapse, it is a 'transfer of dominance'
Traditional cycle theory suggests that a large distribution of old coins will inevitably lead to a price halving. But this time is different:
Old coins are cashing out in large amounts, but the price has not collapsed
The 80,000-90,000 range has shown terrifying support
This feels more like a 'transfer of dominance' between old and new funds, rather than the end of a cycle
When long-term holders (LTH) engage in 'epic distribution' in the cost range of 60,000-70,000, new funds have built a new defense line in the 80,000-90,000 range. The market votes with real money: the bottom of Bitcoin is being systematically lifted.
Decentralized USD: the 'strategic rear' in volatile times
In this drastic chip turnover, one trend becomes increasingly clear: smart money is seeking a balance between offense and defense.
They are laying out Bitcoin around 80,000 USD while anchoring part of their assets in the Decentralized USD network. Why?
1. Providing absolute stability
When BTC oscillates between 80,000 and 120,000, stablecoins provide a value anchor
In times of unclear trends, it is a 'safe haven' for funds
2. Maintain liquidity for immediate action
Through DeFi protocols, stablecoins can also generate returns
Once Bitcoin presents a clear opportunity, it can be instantly converted into an offensive position
3. Hedge against macro uncertainty
Federal Reserve policy, US elections, geopolitical conflicts... black swans are everywhere
Decentralized stablecoins provide a 'non-political' USD exposure
This is exactly the value of the #USDD stabilizing trust# concept: in a highly volatile crypto market, you need a part of your assets to be completely stable, as your confidence to participate in volatility.
2026 Outlook: The turning point may come earlier
Based on the chip structure, I assess:
Strong support zone: 70,000-80,000 USD (highest probability), 60,000-70,000 USD
Market turning point: likely to appear later in 2026, earlier than the market's general expectation of Q4
Core logic: When BTC enters the 70,000 range, it will unleash huge off-market buying power—because the expected doubling space from 70,000 to 150,000 is enough to drive funds crazy.
Operational Strategy: Seeking certainty amidst uncertainty
My approach:
Spot layout: already pyramid bought in the 90,000-98,000 and 80,000-89,000 ranges, with a cost slightly over 90,000, and a position of 60%
Largest order: 80,000 USD (only 600 USD short of completion on November 21)
Risk hedge: hedge part of the exposure by going long on volatility products
Your advice:
Do not try to accurately catch the bottom; replace 'point thinking' with 'range thinking'
Layer your assets: one part seeks high returns (like BTC), while another part pursues absolute stability (like USDD, etc.)
Maintain a good cash flow; this is your greatest confidence in a bear market
Remember: in this market, surviving is more important than making quick money. The key to survival often lies in how you manage that part of your assets that 'does not seek returns, only seeks not to lose.'
Be greedy when others are fearful, but don't forget—the smartest greed is the kind that leaves yourself a way out.
