Bitcoin just can't seem to hold above $100K, dropping to $95,000 this week. But here's the interesting part: while traders are getting nervous, long-term holders aren't budging.

The Quick Numbers

• Price now: $95,000
• Drop since January 6: $5,000 (from $100K)
• 24-hour change: -3.2%
• Market value: $1.87 trillion

What's Actually Happening?

The market's stuck in a weird spot. $100,000 has become like a ceiling that Bitcoin keeps bumping its head against. It even touched $108K recently, but couldn't stay up there.

The Good News

• Bitcoin keeps leaving exchanges (meaning people are storing it long-term)
• More people are using Bitcoin (active addresses up 5%)
• Whales (big investors) are still buying, just slower
• Miners aren't dumping their coins

The Not-So-Good News

• Trading volume is dropping
• Market mood is kinda "meh" to slightly negative
• Technical indicators (RSI at 54) show the market's just... sitting there

What to Watch For

Two important price points:

• $85,000 (if it drops below this, watch out)
• $100,000 (needs to break above this to get exciting again)

Behind the Scenes

There's a lot of leverage building up in the futures market. This usually means we might see some big price swings soon – could go either way.

Bottom Line

While traders are getting cold feet at $100K, the core metrics still look solid. People who hold Bitcoin long-term aren't selling – they're actually buying more. But we need to break above $100K convincingly for the next big move up, or we might test $85K first.