#BitcoinActivityPicksUp Bitcoin's recent volatile swings between the psychological resistance near $100,000 and the firm support zone around $92,000 appear to represent a strategic redistribution and accumulation phase rather than a bull-market conclusion, as the price action—marked by sharp rejections and rapid recoveries that liquidate overleveraged positions—diverges significantly from strengthening on-chain fundamentals, including rising active addresses, sustained exchange outflows, and growth in long-term holder accumulation, which collectively signal that stronger hands are absorbing supply amid the turbulence; historically, such periods of wide-range consolidation after major rallies have served to reset excessive leverage, transfer assets from weak to conviction holders, and rebuild a healthier spot-driven base, suggesting that the current volatility is a preparatory shakeout that may ultimately lay the groundwork for the next decisive bullish expansion once sentiment, liquidity, and macro conditions realign for a sustained breakout above the $100,000 threshold.