Bitcoin is trading at $76,899, down 3.7% in 24 hours and 29.4% from the all-time high.On-chain analysis shows short-term holders experiencing significant losses while long-term holders accumulate.This transfer of coins from weaker to stronger hands is often observed near market bottoms or early recovery stages.The shift in ownership patterns may impact Bitcoin's market structure and provide support for price stabilization or a trend reversal.