Bitcoin is currently trading at $76,899, marking a 3.7% decline in the past 24 hours and a 29.4% drop from its all-time high above $109,000 recorded in January.
After falling below $80,000 on Sunday, the digital asset has struggled to reclaim upward momentum, reflecting persistent selling pressure in the broader crypto market.
While price action continues to dominate headlines, on-chain data reveals deeper shifts in market dynamics. A recent analysis by CryptoQuant contributor Onchained highlights a notable transition in Bitcoin ownership patterns.
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Bitcoin Short-Term Losses and Long-Term Accumulation
In the post titled “Short-Term Capitulation Meets Long-Term Conviction: A Structural Shift in Bitcoin Ownership,” the analyst identified structural changes between short-term and long-term holders, providing insights into the asset’s underlying market behavior.
According to the insight,
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