Veteran Bitcoin Holders Are Not Selling, Mid-Cycle Traders Drive Volatility
The recent price drop is not a capitulation; long-term investors are accumulating, meaning selling pressure comes from newer, less convicted traders.
Structural Bitcoin Supply Scarcity Remains Extreme despite a Massive Price Rally
Long-term holders refuse to spend their Bitcoin, creating a supply shock that has not been seen in over a decade.
Institutional Bitcoin Profit Margin Is Thin Signaling Weakening Momentum
The average institutional investor's cost basis is dangerously close to the current price, indicating a fragile market structure.
