CryptoQuant Analyst: Long-term Bitcoin holdings continue to grow, signaling a strengthening cooling-off in market speculation

Mars Finance reports that CryptoQuant analyst Darkfost states the current Bitcoin market is entering an early stabilization phase, with long-term holding behaviors gradually increasing, indicating that market structure may be shifting. Data shows that since October, the number of BTC held for over a year has increased from approximately 12 million to about 12.4 million, although the growth remains moderate, reflecting a market trend toward long-term holding. Since mid-December, the 30-day change has remained positive, suggesting investors are more inclined to hold rather than distribute their coins. Darkfost points out that this change typically signifies the market is transitioning from a speculative dominance phase to a phase of stronger long-term conviction. In historical cycles, the proportion of long-term holdings usually drops significantly at market tops and gradually rises during bear markets, so the current trend can be seen as an early signal of market stabilization. However, he also emphasizes that this indicator reflects a long-term dimension change, which generally takes a longer time to form a clear trend, and the current stage is still early.