Even with roughly a 22% pullback in Q1, I’ve been paying close attention to how supply has shifted into stronger hands. The data shows a notable increase in long-term holder balances, moving from around 2.13M to 3.60M BTC — a level we haven’t seen since 2020, based on insights from ARK Invest.

To me, this isn’t just a reaction to price movement. It reflects a more disciplined layer of capital stepping in during volatility, absorbing available supply while short-term sentiment weakens.

From a market structure standpoint, this kind of accumulation phase often says more than price itself — it suggests conviction remains intact beneath the surface.

#CHIPPricePump #JustinSunSuesWorldLibertyFinancial #Write2Earn $ETH