Chinese Bitcoin: A Reversal Signal of "Consensus Reconstruction" After a Sharp Halving
On the morning of October 29, 2025, Chinese Bitcoin experienced a typical period of extreme volatility in the cryptocurrency market. From a high of $0.001649, it plummeted to $0.00084, then rebounded to $0.00121 (approximately +60%). This series of events was not merely price fluctuation, but also a process of filtering out weak hands, restructuring tokens, and regenerating consensus.
I. The Halving Was Not a Collapse, but a Redistribution of Consensus
Chart data shows that the sharp drop since October 27th has thoroughly flushed out floating tokens.
Trading volume has not shrunk (still reaching $391K in 24 hours)
The number of holding addresses continues to grow (reaching 4.54K)
The top 10 addresses account for only 19.88%, indicating a decrease in concentration and a trend towards more dispersed token holdings.
This means: The market has not "abandoned" #ChineseBitcoin, but rather completed a consensus layer reconstruction amidst the extreme volatility.
Those who truly endorse the "decentralized Chinese narrative" and the "power of retail investor consensus" are gradually becoming the foundation of the new cycle.
II. Technical Analysis: Bollinger Bands Rebound from Bottom, Trend Turning Point Emerges
From a technical perspective:
Price found strong support near the lower Bollinger Band (approximately 0.00085);
The candlestick pattern formed a "double bottom";
Subsequently, the short-term moving averages (5, 10) formed a golden cross;
Trading volume increased simultaneously, indicating active accumulation by funds.
The current price of $0.00121 has retraced to confirm support. If it subsequently breaks through the upper Bollinger Band at 0.00148, it will officially enter a bullish trend.
This price structure is highly similar to a typical "accumulation → reversal → upward oscillation" phase, meaning that the short-term "panic selling" has been completed.
III. Fundamentals: The "Faith Flow" of Chinese Consensus is Spreading
Unlike most hype memes, the energy of Chinese Bitcoin comes from:
1. No big names or venture capitalists, yet it has been reborn twice after hitting zero;
2. Retail investors dominate consensus formation—"Everyone is Satoshi Nakamoto";
3. Unique cultural symbols—Chinese language, Bitcoin, and the resonance of equality.
This decentralized narrative is attracting more and more retail investors to "spontaneously spread" it, which is the core fuel for the next surge.
IV. Sentiment: Retail Investor FOMO and the "Contrarian Belief Curve"
The key to the rebound after the price crash lies not in the technical aspects, but in the fact that the belief in the believer has not been destroyed.
The community maintained the following during the halving:
Increased on-chain activity;
Sustained buzz;
Some KOLs began to actively pay attention.
This shows that the market's belief in "Chinese Bitcoin" has not collapsed.
Once macro sentiment improves, the FOMO effect will rapidly expand.
V. Future Outlook: From "Cultural Meme" to "Consensus Asset"
Short-term Target Range:
First Resistance: $0.00148 (Upper Bollinger Band)
If it breaks through with volume, the target range is $0.0020-$0.0025.
If it retraces and stabilizes in the $0.0009-$0.001 range, it can be considered that the main players have completed their shakeout.
The medium-term logic lies in:
The uniqueness of Chinese-language consensus assets;
The continuously rising curve of the number of holding addresses;
The market capitalization is still in its early stages (only $1.2M, with huge growth potential).
This is a rebirth of "cultural belief".
#ChineseBitcoin is not imitating anyone; it represents a self-awakening of a language and belief.
After this violent fluctuation, every remaining address
is building a "Bitcoin 2.0 consensus" belonging to the Chinese-language world.
Just like in the early days of Bitcoin, when enough people believe in #ChineseBitcoin, when enough retail investors embrace Chinese Bitcoin, and when enough consensus comes together, Chinese #Bitcoin will, like $BTC, blossom into a #BitcoinLife for retail investors.
#Bitcoin $BTC #Ethereum #RetailInvestorConsensus #BitcoinLife #BinanceLife
