📊 BTC enters early stabilization phase It remains relatively modest for now, but the share of supply held for more than one year is gradually starting to increase again, signaling an early shift in market behavior. 🟢 The 30-day change has been in positive territory since mid-December, suggesting that investors are increasingly choosing to hold their BTC rather than distribute it. This type of dynamic often reflects a transition from a more speculative market environment toward a phase of stronger long-term conviction. 💥 Between October and today, the amount of BTC held for one year or more has increased from 12 million to 12.4 million BTC. While the magnitude remains moderate, it highlights a meaningful shift in behavior and market dynamics that appears to be unfolding. ▶︎ Historically, the share of supply held for more than one year tends to decline sharply at cycle tops, as long-term holders distribute their coins. ▶︎ Conversely, it gradually rebuilds throughout bear markets, as investors accumulate with a longer-term horizon. This progressive increase can therefore be interpreted as an early signal of market stabilization, with supply increasingly moving into stronger hands. 👉 However, it’s important to understand that this is a long-term timeframe, it’s a dynamic that takes time to develop.