Long-term holders of Bitcoin are back in accumulation after a distribution phase, indicating that the selling pressure has eased. With 87.6% of holders currently in profit, price stabilization around 97,000 USD is notable as the market transitions from panic selling to more confident buying.
The panic-selling phase has concluded, allowing long-term wallets of Bitcoin to accumulate. Older wallets are now demonstrating a pattern typical of mid-cycle consolidation, suggesting a strategic commitment to hold through market fluctuations as Bitcoin stabilizes.
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