While the pieces were shifting in the Bitcoin world, market participants fell into deep silence in these first months of 2026. The largest cryptocurrency, which anchored in the $ 60,000 band after the historical peaks witnessed in the last quarter of last year, is having difficulty exceeding the psychological threshold of $ 70,000. The latest intra-Blockchain data shared by data analysis giants such as Alphractal and Santiment prove that active supply on the network has come to a halt and a phase of fatigue called “social demotivation” has begun among investors.
Social Demotivation Era in Networking Activity
Metrics that keep a finger on the pulse of the cryptocurrency market show that user interaction on the Bitcoin network has fallen to its lowest levels in recent years. Compared to the bull run in 2021, there is a dramatic decrease of 42% in the number of unique addresses performing transactions and 47% in the number of newly created wallets. These data reveal that not only the price of cryptocurrency, but also the appetite for its use has gone through a period of stasis. The fact that investors prefer to keep their assets inactive in their wallets rather than moving them has slowed down the liquidity flow on the network.
Analysts describe this emerging picture as “bear mismatch”. Although the total market value broke new records throughout 2025, it is a striking contrast that Bitcoin’s intra-Blockchain usage did not support this rise. The decrease in price fluctuations and the increase in uncertainty caused small and medium-sized investors to withdraw from the market. This timidity, a reflection of global human behavior, is interpreted as a typical phase of silence before the market narrative changes radically.
Whales’ Strategic Accumulation Move
Despite this atmosphere of discouragement prevailing in the market in general, large-scale investors, referred to as “whales”, draw a contrasting profile on the scene. More than 200,000 BTC has entered massive wallets in recent weeks, proving that institutional and large investors see the current price levels as an opportunity. According to CryptoQuant data, whale assets, which were negative in mid-December, increased by 3.4% in the last month and exceeded the 3.1 million BTC threshold in total.
This intense buying appetite of major players brings to mind the market correction in April 2025. A similar accumulation phase occurred at that time, and this move ignited Bitcoin’s massive rally from $ 76,000 to $ 126,000. The fact that the current price is 46% below the peak whispers that the segment with high capital power is preparing for the next upward cycle by absorbing the selling pressure. In this environment where individual investors are desperate, big capital continues to silently increase its market share.
