币界网报道：Bitcoin Weak Hands Exit While Smart Money Loads Up – Is A Breakout Near? Recent on-chain data reveals a shift in Bitcoin holdings as short-term investors sell off while long-term holders accumulate, signaling potential market consolidation. Analysts note that "weak hands" are exiting positions, with exchange outflows indicating accumulation by institutional and high-net-worth investors. The Bitcoin Spent Output Profit Ratio (SOPR) shows profit-taking among newer investors, while long-term holders maintain strong conviction. Market observers suggest this could precede a breakout, as similar patterns historically led to upward price movements. Despite recent volatility, Bitcoin's fundamentals remain robust, with active addresses and transaction volumes staying elevated. Analysts caution that while accumulation is bullish, macroeconomic factors like Fed policy and inflation data could influence short-term price action. The market now watches for whether this redistribution phase transitions into a sustained rally.