ChainCatcher message, as traditional financial markets welcome a wave of seasonal optimism at the end of the year, the trading price of Bitcoin hovers around $87,370, fluctuating within the range of $85,000 to $90,000, showing almost no signs of recovery.

Analysis suggests that this asset, built on speculation, volatility, and disruptive factors, ends the year stagnantly. On-chain data shows that the supply of BTC held for at least two years has decreased by 1.6 million since the beginning of 2023, valued at about $14 billion, indicating that early holders are cashing out at the fastest rate in recent years.