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#Bitcoin Supply Structure Is Shifting Again
The latest data shows a clear rotation between short-term and long-term holder supply, a pattern that often appears before major market moves.
Long-term holders continue to dominate overall supply, but each time their share dips toward the 80% zone, volatility tends to follow. We’re now approaching that region again, hinting at increasing activity from newer market participants.
A tight supply held by committed holders + rising short-term participation = conditions that often precede trend acceleration.
Watching this closely.