Bitcoin prices continue to consolidate within the $95,000 area following a pullback in the latter half of last week. The main cryptocurrency is experiencing a strong January performance marked by a total gain of 11.42% since the start of the new year. However, the effects of the extended price adjustment from Q4 2025 are long-lasting. Using the latest on-chain data, a market analyst with the username MorenoDV_ has identified a specific group of owners who are still facing extreme psychological pressure that may affect future price trends.
Bitcoin Market Risk Reallocation Continues – Here’s Why
In a QuickTake post on January 17, MorenoDV_ states that the Bitcoin bull cycle continues despite the negative events of Q4 2025. Notably, the leader of the crypto market faced a heavy price correction of 33% after hitting the current high ($126,198) in early October.
Although Bitcoin has recorded a modest price recovery in the past month, significant expectations of a bear market remain, driven by reduced market demand and the failure to recover key technical levels such as the 365-day MA. Using data from the Price Made by UTXO Age Bands, MorenoDV explains that the Bitcoin market is redistributing risk. This positive development resists the bearish narrative of the end of the market cycle.
With a current spot value of around $95,583, the CryptoQuant metric shows that mental stress is unevenly distributed among Bitcoin owners. Notably, short-term holders, i.e., 1w-1m and 1m-3m collections, received prices, i.e., $89,255 and $93,504, respectively, below the price. This data suggests that these categories of investors are profitable and facing lower market pressure, which helps keep panic at bay.
However, medium-term holders of 3m-6m and long-term holders of 6m-12m received prices of $114,808, and $100,748 both significantly higher than the current price. However, both ruling groups chose to bear the discomfort by absorbing losses rather than embark on aggressive redistribution.
Therefore, as the price rises to the price levels found in these distressed groups, losses are expected to decrease significantly, ultimately easing these pressures on these owner groups and balancing market risk. This market improvement only occurs if the 3m-6m and 6m-12m continue to interpret the current market decline as cyclical volatility rather than a structural change in the market. Therefore, there is a need for continued bullish narratives and constructive price behavior to prevent these investors from seeking to exit the market.
Bitcoin price overview
At press time, Bitcoin is trading at $95,265, reflecting a small gain of 5.3% over the past week.
Featured image from Pexels, chart from Tradingview
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