#虾仁 #关注我必回关 #Latest news, on June 17, according to The Block, K33's latest report indicates that Bitcoin rebounded about 6% over the past week after a significant drop for two consecutive weeks, currently hovering around $65,000. The report states that as of June 6, only 218,400 coins older than two years have been reactivated, clearly below the levels seen in the same period over the past two years, indicating weak on-chain sell-off pressure.
Meanwhile, long-term holders currently hold 79% of Bitcoin's circulating supply, hitting an all-time high. K33 believes this reflects a decline in the willingness of holders to sell, suggesting that the market environment is gradually stabilizing and the bear market may be nearing its end. However, institutions like Wintermute, Glassnode, and Bitfinex still caution that ETF fund flows, stablecoin growth, and institutional demand are not yet sufficient to confirm a sustained market reversal.
Meanwhile, long-term holders currently hold 79% of Bitcoin's circulating supply, hitting an all-time high. K33 believes this reflects a decline in the willingness of holders to sell, suggesting that the market environment is gradually stabilizing and the bear market may be nearing its end. However, institutions like Wintermute, Glassnode, and Bitfinex still caution that ETF fund flows, stablecoin growth, and institutional demand are not yet sufficient to confirm a sustained market reversal.