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Investor conviction is being tested once again.\u00a0<\/span><\/p>\n Over the past ten days, a sizable group of holders has slipped underwater as major top-cap assets failed to hold key resistance levels. As a result, many traders who bought near the local top are now feeling the pressure.<\/span><\/p>\n Bitcoin [BTC]<\/a> is no exception. Just ten days ago, BTC printed its second-highest high, clearing the $95k level. However, the rally quickly faded, with the price topping near $97k, pushing several cohorts into unrealized losses.<\/span><\/p>\n Source: TradingView (BTC\/USDT)<\/p>\n<\/div>\n Naturally, attention now turns to what could reignite HODLing.\u00a0<\/span><\/p>\n The curent macro setup isn\u2019t offering much support. Volatility is already rotating capital into safe havens, while Bitcoin\u2019s institutional bid continues to soften, evidenced<\/a> by nearly $1.8 billion in ETF outflows in under a week.<\/span><\/p>\n Meanwhile, GameStop doesn\u2019t seem convinced either. Its on-chain wallets recently moved 100% of Bitcoin holdings to Coinbase Prime. Moreover, looking at its BTC balance sheet<\/a>, the move likely suggests potential selling.<\/span><\/p>\n Back in mid-May 2025, the firm accumulated 4,710 BTC at an average price of $107k, deploying $504 million. With BTC now hovering around $90k, that position suggests potential realized losses of about $76 million.<\/span><\/p>\n Source: CryptoQuant<\/p>\n<\/div>\n All things considered, getting investors to HODL looks like a tough ask. <\/span><\/p>\n Bitcoin\u2019s institutional bid is weak, and overall sentiment is low. And yet, the big players are talking up<\/a> a Bitcoin \u201csupercycle.\u201d Are they seeing something the market hasn\u2019t priced in yet, or is this just another setup for a shakeout?<\/span><\/p>\n Defying macro FUD, heavyweights are still bullish on a BTC supercycle.\u00a0<\/span><\/p>\n For 2026, the chart from RR2Capital<\/a> highlights three bold predictions, averaging $215k as the year-end target for Bitcoin. Meanwhile, Binance founder CZ echoed a similar outlook in a recent video interview<\/a>.<\/span><\/p>\n Naturally, the question remains: What are they betting on? On-chain metrics paint a cautious picture. Bitcoin\u2019s bear momentum is building, with Net Realized Profit\/Loss turning red as investors begin realizing losses.<\/span><\/p>\n Source: CryptoQuant<\/p>\n<\/div>\n Historically, moves like this have lined up with deeper corrections.<\/span><\/p>\n That puts Bitcoin\u2019s $85k support under pressure, driven by institutional selling, ETF outflows, and fading conviction from heavyweights like GameStop. As a result, the motivation for investors to HODL is weakening.<\/span><\/p>\n In this context, bullish Bitcoin forecasts appear less data\u2011driven and more influenced by external factors such as volatility surrounding the crypto bill<\/a>, an overheated metals market, and the recent U.S. withdrawal of E.U. tariffs.<\/span><\/p>\n Hence, this divergence highlights the gap between market fundamentals and optimistic forecasts, pulling in speculative capital and potentially setting Bitcoin up for a liquidation trap, as BTC leverage<\/a> ramps back up.<\/span><\/p>\n![\"bitcoins](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/01\/BTCUSD_2026-01-24_11-38-53.png\")
<\/a><\/p>\nBitcoins Macro FUD and institutional selling test BTC\u2019s resilience<\/strong><\/h2>\n
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<\/a><\/p>\nBitcoins CZ signals Bitcoin \u201csupercycle,\u201d defying weak sentiment<\/b><\/h2>\n
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\nBitcoins Final Thoughts<\/strong><\/h2>\n
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