Over the past 30 days, Bitcoin distribution has accelerated, signaling a notable shift in market behavior.

Holding Bitcoin ($BTC) is no longer the default strategy for many participants, as evidenced by the Long/Short-Term Holder Supply Ratio dropping to 3.78, the lowest level in this cycle.

Amid this redistribution, key demand zones are emerging. While 482,000 addresses acquired Bitcoin between the current price and $100,000, the critical support range lies between $94,800 and $97,700. In this zone, over 1.3 million addresses have accumulated Bitcoin, highlighting its importance as a potential price floor.

Meanwhile, Bitcoin whales have been actively buying during the recent price dips. As prices fell from $104,000 to $90,000, 342 new wallets holding over 100 BTC were created.

Notably, one whale took advantage of the decline, purchasing 801 BTC (valued at $77.55 million) from Binance at an average price of $96,815 over just 17 hours.

Bitcoin Spot ETFs Sees Strong Inflow

Bitcoin’s spot ETFs have also seen continued strong inflows, with a total net inflow of $440 million on December 10. This marks nine consecutive days of inflows, signaling sustained institutional interest. BlackRock’s ETF, IBIT, reported daily net inflows of $296 million, while Fidelity’s ETF, FBTC, saw $210 million in daily net inflows.

These developments underscore a dynamic market environment where whales and institutions are accumulating Bitcoin amid price volatility. As redistribution continues and accumulation strengthens within key demand zones, Bitcoin’s price action in the coming weeks will likely be pivotal in determining the next phase of its market cycle.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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