#比特币价格走势 When I saw this message, my first reaction was to examine myself—Is this really a rebound signal? Or just another prelude to a new round of chopping the leeks?

Long-term holders stopping distributions sounds good, but I have to be honest: there are too many cases of this kind of data being over-interpreted on-chain. The first time since July that distributions have stopped, the surface logic is "big players are not selling anymore, maybe it’s going to rise," but the key question is—why did they stop? Are they genuinely optimistic or waiting for higher prices to dump? Or is it just a short-term window of hesitation?

I’ve fallen into this trap before. I once rushed into the market just because a certain indicator "turned," only to find out I was just taking over someone else’s chips. On-chain data is indeed valuable, but never treat a single indicator as a definitive conclusion.

Currently, what’s worth being cautious about is that any "rebound" forecast can easily trigger FOMO. The real investment logic should start with asking whether you truly understand Bitcoin’s long-term value, rather than chasing after a specific data signal.

Distributions stopping can serve as a reference, but don’t let it be the reason for your actions. The core of surviving on-chain is always: understand human nature, manage risks, and avoid following the crowd.