The rate of change in long-term Bitcoin holder distribution is cooling down. What's interesting here? The extreme net outflows we saw before are starting to reverse—a signal that the market's actually digesting all that accumulated long-held supply. You could say the heavy overhead resistance that's been hanging over the market is getting chewed through progressively. The accumulation pattern is shifting: instead of panic selling from hodlers, we're seeing more balanced absorption of those old coins coming onto the market. It suggests the supply shock from long-term holders might be fading, and the market could be closer to working through that overhang than we thought.