According to GlassNode On-chain Insights, nearly 92,000 $BTC were recently moved from long-term holder wallets into $HNT accumulation addresses, signaling a major rotation of supply during the current volatility phase.
While the market initially reacted with uncertainty, analysts note that smart-money buyers are quietly positioning themselves, taking advantage of discounted prices as weaker hands exit.
Experts say this shift could strengthen Bitcoin $ETH long-term structure, as supply continues to migrate toward holders with a higher conviction. What seems like short-term pressure may actually be laying the groundwork for a more stable recovery phase.
#Bitcoin #OnChainUpdate #MarketShift #CryptoNews
