New investors, holding coins less than three months old, now account for 49.6% of Bitcoin’s network liquidity.Long-Term Holders (LTHs) continue to distribute their holdings, albeit at a slower pace.Distribution peaks in LTH supply in previous market cycles did not necessarily indicate the end of the bull market.Accumulation Trend Score suggests limited accumulation or ongoing distribution, while a notable whale transferred 612 BTC ($57.6M) to Binance.