Those who held for years start offloading as price moves higher, transferring coins to new buyers stepping in to bid the price to even higher highs.” Related Reading: Bitcoin Faces Serious Price Compression – What Happened Last Time According to Consorti, Bitcoin has now entered its 100+ day consolidation range around $95,000—a stretch he compares to previous multi-month consolidation phases that eventually resolved in major price expansions.
In his words: "Claims of artificial price suppression is a gold-era argument that doesn’t work in bitcoin, whose ledger is auditable in real time, meaning we can see exactly who is buying and selling through their own node on the network.” Consorti underscores that any concerted effort to artificially cap Bitcoin would be visible to on-chain observers.
Instead, the data points to a well-trodden pattern: after accumulating BTC in the lower price ranges—between $15,000 to $25,000—LTHs sell portions of their holdings into higher prices, redistributing coins to new market participants who continue bidding bitcoin upward."This is normal.
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