Awakening of dormant Bitcoin: Key liquidity test for BTC cycle

Since early 2024, dormant Bitcoin supply re-entered the market at unprecedented levels, significantly reshaping market liquidity. The total value of this movement has approached 160 billion USD, largely aligning with price rises.

Recent ETF outflows exceeding 700 million USD signal a liquidity shift rather than negative market sentiment. This trend, paralleled by an increase in short-term holder supply, indicates renewed interest and active market participation.

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