Bitcoin market behavior continues to show signs of long-term conviction and cautious momentum.

➤ Hodling is dominant across multiple metrics

➤ Realized profit-taking is declining

➤ Overall market activity is decreasing

➤ Long-term holder supply has reached a new all-time high (ATH)

➤ Stablecoin purchasing power is broadly neutral

➤ Market views BTC price as in relative equilibrium

➤ Institutional demand remains strong

➤ Continued steady and significant inflows into regulated BTC products