Bitcoin managed to regain its position after a recent $9 billion sell-off, according to a report by Swan analytics. This event confirmed the maturity of the cryptocurrency market and the process of ownership change.
Details of the Sell-off
Swan analysts noted that Bitcoin absorbed a sell-off of nearly 80,000 units without significant losses. This sell-off occurred amidst a sharp decline in asset prices from $119,000 to $115,000 last week.
Shift in Ownership
According to research, over the past two years in the Bitcoin market, there has been a transition from old holders to new long-term investors and institutional players, marking one of the largest holder rotations in Bitcoin's history. "The old guard is being replaced by new titans with conviction," analysts noted.
Market Conditions
Indicators of market maturity are reflected in reduced volatility and steady demand. Analysts suggest that the next significant price changes are more likely to be associated with gradual capital accumulation rather than speculative enthusiasm. "This isn’t a one-off moment. It’s a generational shift that builds the base for the next exponential run," the report states.
Bitcoin demonstrated resilience to significant market fluctuations, indicating its growing maturity and transition to larger, more confident players in the sector.
