#OnChainInsights

The latest Web3 on-chain data report from gate Research reveals that after hitting an all-time high in January..🧐

Bitcoin entered a consolidation phase, with selling pressure from long-term holders easing and the market stabilizing. Bitcoin's net realized profit/loss declined 82% from its peak, while the proportion of Bitcoin supply held by exchange addresses fell to roughly 13.7%. Meanwhile, the $TRUMP token saw its trading volume peak at over $30 billion, but the number of holding addresses rapidly declined, indicating strong short-term speculative activity.$BTC $ETH