In its "Alpha Minute" report, BitMEX noted that the market is currently experiencing high volatility and uncertainty, creating a challenging environment for traders. Previously, Bitcoin briefly decoupled from its price and broke through $113,000 amidst a sharp drop in gold prices, but the market quickly reversed, with the price falling back to around $107,000. The report stated that on-chain data shows a recent increase in the average holding period of Bitcoin, suggesting that early adopters (OGs) are seizing the opportunity to sell. With Bitcoin consolidating around the key psychological level of $100,000, these veteran investors appear to be actively de-risking. Furthermore, a new market trend has emerged: some OGs in the tech sector are shifting funds from Bitcoin to the rising AI sector to participate in the AI boom. This ongoing selling pressure is limiting Bitcoin's upside potential. BitMEX noted that if a successful breakout fails, this structure could lead to a further, deeper correction, with a drop below $100,000 potentially becoming a key step in a market shakeout.