Bitcoin Accumulation Shifts: From Old Hands to New Wallets

Bitcoin’s price action has been characterized by a mixed bag of buying and selling, resulting in a relatively flat performance over the past month. However, there’s a clear shift in Bitcoin ownership as long-term holders sell off profits and new wallets are accumulating coins. While short-term distribution has slowed, older holders continue to dominate large-scale trading, contributing to the ongoing price stagnation.