Bitcoin may be nearing a bear market bottom, according to K33, as long-term holders now control a record 79% of circulating supply and historically low old-coin spending suggests persistent accumulation despite ongoing macroeconomic uncertainty.

K33 said stabilizing conditions and trading activity falling back to yearly lows reflect a market where holders are reluctant to sell.

Bitcoin may be nearing a bear market bottom, according to K33, as long-term holders now control a record 79% of circulating supply and historically low old-coin spending suggests…