Bitcoin long-term holdings increased to 12.4 million coins, and the 30-day change has remained positive.

BTC-0,33%

Gate News updates, April 12. CryptoQuant analyst Darkfost said that the current Bitcoin market is entering an early stabilization phase, with long-term holding behavior gradually strengthening. Data show that since October, the amount of BTC held for more than 1 year has risen from about 12 million to about 12.4 million. Since mid-December, the 30-day change has continued to remain positive, indicating that investors are more inclined to continue holding rather than distributing their chips. Darkfost said that this kind of change typically means the market is moving from a speculation-dominated phase toward a phase with stronger long-term conviction. In historical cycles, the long-term holding ratio usually declines noticeably near market tops, while it gradually rebounds during bear markets; therefore, the current trend can be viewed as an early market stabilization signal. He also noted that this indicator belongs to the long-term dimensional change and usually takes a longer time to form a clear trend; it is still in the early stage.

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