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Bitcoin Ownership Patterns Shift Amid Price Correction

  • 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.

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