The power structure of the Bitcoin market is quietly shifting, with long-term holders having sold 500,000 Bitcoins

ChainCatcher news, according to Bloomberg, the Bitcoin market is undergoing a silent transfer of control. Long-term holders (miners, offshore funds, and anonymous wallets) are steadily selling about 500,000 Bitcoins, while institutional investors such as ETFs, corporations, and asset management companies are almost taking them up one-for-one.

This shift has made it difficult for Bitcoin to break through its historical high of $110,000, with volatility dropping to a two-year low. Analysts point out that this phenomenon is reshaping Bitcoin's positioning in the investment space, marking a significant change in the structure of the cryptocurrency market.