The latest on-chain data looks clear, the market structure is holding up way better this time around. Large $BTC holders finally clawed back into profit after briefly going underwater, while the small wallets never even dipped below their cost basis, even at that June low near $48K. Compare that to 2022 when pretty much everyone was deep in the red, and this cycle already feels healthier. Stronger hands across the board make me more constructive on where Bitcoin heads from here. $ETH

#BTC Price Analysis# #ETH