🔸Bitcoin recovers 130% after a drop a year ago.

Exactly one year ago, the cryptocurrency market was shaken by the unwinding of the "yen carry trade," an investment strategy involving the Japanese yen. This caused Bitcoin (BTC) to fall nearly 30%, reaching $49,000. Since then, however, Bitcoin has recovered strongly, rising over 130%.

Key points:

- Increase in confidence: Long-term holders, those who have held their bitcoins for 7 to 10 years, now control over 8% of the total supply, double what it was a year ago. This demonstrates strong conviction in Bitcoin's future.

- Market movement: Despite volatility, both traditional markets and the S&P 500 (+24%) and gold (+40%) have also performed well in the past year, indicating a broad-based rebound.

- Investor behavior: Glassnode data shows that long-term holders are accumulating, while many newer investors have entered the market in recent months, possibly buying at higher prices.

What was a moment of panic for Bitcoin and the cryptocurrency market a year ago has turned into a period of strong recovery and accumulation by veteran investors.$BTC