Bitcoin has recently struggled to maintain stability above the critical $105,000 level. On-chain data has highlighted a significant trend: the cryptocurrency’s supply is shifting to less experienced investors. This shift raises concerns about potential sell-offs in the near future, adding to market volatility. Observers are analyzing this trend closely, as the supply dynamics could indicate a shift in market confidence among retail investors. For Bitcoin’s future, understanding these trends will prove essential as the landscape continues to evolve.