#OnChainInsigths

The latest on-chain data report from gate Research reveals that after reaching an all-time high in January, Bitcoin entered a consolidation phase, with selling pressure from long-term holders decreasing and the market stabilizing. The net realized gain/loss of Bitcoin decreased by 82% from its peak, while the proportion of Bitcoin supply held by exchange addresses fell to approximately 13.7%. Meanwhile, the $TRUMP token saw its trading volume reach a peak of over $30 billion, but the number of holding addresses quickly declined, indicating strong short-term speculative activity.