Core Insights - Bitcoin is currently trading around $88,000, showing signs of sideways movement while on-chain data indicates potential shifts in market dynamics [1] Group 1: Long-Term Holder Behavior - Long-term holders (LTH) have begun to accumulate Bitcoin, with a positive net change of approximately 10,700 BTC over the past 30 days, indicating a shift away from large-scale distribution [2][3] - The long-term holder spent output profit ratio (SOPR) is at a neutral level of 1.0, suggesting that LTHs are not capitulating or selling at a loss, which typically aligns with market stabilization after corrections [4][5] Group 2: Market Supply Dynamics - Bitcoin exchange netflows show continued net outflows, with more BTC leaving exchanges than entering, which reduces immediate sell-side pressure in the spot markets [6] - Despite easing supply-side pressure and confidence among long-term holders, Bitcoin's price remains range-bound due to weak demand and macroeconomic challenges, indicating that a significant price increase may require new catalysts [7]

🚨 LATEST: Bitcoin exchange netflows hit a 3-year low, signaling strong holder conviction and reduced selling pressure. https://t.co/3iQc61fjCG ...