CryptoQuant: • Bitcoin has shown the first bottoming flag signal • However, the market still needs more pressure (stress) before the bear phase truly ends
This is a sign that the market is gradually forming a bottom, but it is not the final bottom yet. Whales and long-term holders may be accumulating while short-term holders are still under selling pressure. $BTC #bitcoin $ETH
New record: 82% of Bitcoin is “freezing” in long-term wallets!
• 82% of the total Bitcoin supply is currently held in long-term wallets: the highest level ever • Long-term holders continue strong accumulation, while short-term holders are gradually decreasing
This is a clear sign that long-term confidence in Bitcoin is very high. The record amount of BTC “locked” indicates there is little selling pressure from large holders, while also creating a solid foundation for the next bullish cycles.
Bitcoin is increasingly being regarded as a true store of value.
📊 84% of Altcoins are trading below the 200-DMA (200-day moving average)
Altcoins are the segment most heavily affected by the Bear Market. All attempts at recovery have completely failed, and the TOTAL3 index (altcoin market capitalization, excluding ETH) continues to plunge, with the weekly candle close below the 200-DMA having been confirmed.
As of now, ~84% of altcoins on Binance are underperforming—trading below the key technical level of the 200-DMA. This condition has lasted nearly 8 months, pushing investors to their limits.
In 2020, this situation persisted for up to 10 months. Similar phases in history have also brought mid-term opportunities, though identifying them requires selecting altcoins much more stringently than in previous cycles.
➡️ In summary: Altcoins may have a mid-term bounce opportunity, but finding the right altcoin to buy in this cycle is very difficult. Therefore, the risk portion is higher than the profit opportunity. (Cre: CryptoQuant) $BTC #bitcoin $ETH #Ethereum $BNB
Have Bitcoin long-term holders started accumulating?
When the LTH-SOPR metric approaches or falls below 1, long-term holders are selling coins at a loss or near-loss—a rare condition in history that signals a rare buying opportunity.
The last time the LTH-SOPR indicator opened and closed below 1 on the monthly timeframe for more than three consecutive months was in October 2022, when the BTC price was only 20K.
The same thing is happening again at this moment. However, this is only the beginning, and the long-term holders’ accumulation process could extend for the next few months.
Stablecoin supply continues to rise despite market corrections in the first two quarters of 2026
This indicates capital is circulating in the crypto market, or defensive investors are choosing to hold stablecoins rather than withdrawing money outside.
Bitcoin UTXO Block P/L Count Ratio is a tool used to compare the number of UTXO transaction outputs (unspent transaction outputs) that are in a profit state versus blocks that are incurring losses.
In simple terms, this metric measures the extent to which investors’ profits are distributed below the current price level.
Currently, this indicator has officially fallen into a low boundary zone—a region that, in history, has always been accompanied by long-term bottoming processes of Bitcoin.