Overview
- On-chain data from checkonchain shows long-term holders have net accumulated roughly 33,000 BTC over 30 days, their first positive turn since July.
- Earlier in the downturn, long-term holders sold more than 1 million BTC, though analysts note headline metrics were skewed by a nearly 800,000 BTC Coinbase transfer.
- U.S. spot bitcoin ETFs recorded over $1.3 billion in net outflows from October through December, keeping price action sensitive to institutional flows and derivatives-driven liquidations.
- Bitcoin trades roughly 30% below its October record near $126,200, holding in a high‑$80,000 to mid‑$90,000 range on thin liquidity.
- Large ether addresses reportedly added about 120,000 ETH since Dec. 26, and wallets with 1,000+ ETH control roughly 70% of supply, increasing concentration risk if positioning shifts.