The key point to watch is not just the amount of $BTC being listed on exchanges, but whether spot demand is strong enough to absorb the supply from investors who have held Bitcoin for a long time. The flow of $BTC from Long-Term Holders (LTH) to exchanges has decreased significantly compared to the peak period of May–July 2026. The 30-day moving average is currently narrowing to around 3.2%, noticeably lower than previous surges. * Distribution pressure from long-term holders is gradually easing. However, the current level is still higher than the 1-2% support zone typically seen during periods when LTHs are listing less supply. Therefore, it is premature to conclude that long-term holders have fully returned to an accumulation phase. If LTH Exchange Inflow continues to fall to the 1-2% range while BTC holds its key support levels, the market will have further grounds to confirm that selling pressure from long-term holders is being absorbed. 💻Read the detailed article here! ____________________ Channel : @HoldcoinCventure Channel : @HCCVenture_ACT Fanpage || Website || Threads@ || X twitter || Tiktok || Instagram Disclaimer: The views expressed in this article are solely those of the author and do not represent the platform in any way. This article is not intended to be a guide to making investment decisions.

Retail investors are reducing their exposure to #Bitcoin, while large investors continue to expand their positions, a notable shift in $BTC ownership structure. The supply is shifting towards large investors, creating an increasingly clear divergence between the two groups. Since July 2026, the amount of #Bitcoin held by retail investors has decreased from a peak of 1.724 million $BTC to 1.688 million $BTC, equivalent to approximately 36,000 $BTC, or nearly 2.1%. This trend reflects a decline in exposure to Bitcoin among retail investors, possibly due to profit-taking, reduced holdings, or portfolio restructuring. Conversely, large investors continue to increase their holdings, reaching approximately 16.89 million $BTC, with net purchases of around 284,000 $BTC recorded on the chart. The accumulation trend became more pronounced from August, coinciding with the period when retail investors began reducing their holdings. The key point lies not just in one group selling and the other buying, but in the shift in the supply allocation structure. If the amount of $BTC distributed from retail continues to shift to large-capital entities, the circulating supply may gradually become more concentrated among investors capable of holding for the long term. 💻Read the detailed article here! ____________________ Channel : @HoldcoinCventure Channel : @HCCVenture_ACT Fanpage || Website || Threads@ || X twitter || Tiktok || Instagram Disclaimer: The views expressed in this article are solely those of the author and do not represent the platform in any way. This article is not intended to be a guide to making investment decisions.

Capitulation pressure has eased, but profit-taking supply remains. Bitcoin experienced two significant periods of selling pressure in 2026. In early January, the Realized P/L Ratio was recorded around 1.0, reflecting a relatively balanced realized profit and loss. Notably, after the second downturn, Bitcoin gradually stabilized around the $60,000-$65,000 range before a strong recovery from August. By October 17th, the Realized P/L Ratio had risen to approximately 2.8, while BTC approached $85,000-$86,000, indicating a significant increase in profit-taking activity as the price recovered. However, by the end of October, there were signs that profit-taking momentum was easing, but it was not yet sufficient to conclude that selling pressure had completely disappeared. 💻Read the detailed article here! ____________________ Channel : @HoldcoinCventure Channel : @HCCVenture_ACT Fanpage || Website || Threads@ || X twitter || Tiktok || Instagram Disclaimer: The views expressed in this article are solely those of the author and do not represent the platform in any way. This article is not intended to be a guide to making investment decisions.