Link Data: After Six Weeks Since the $81K Bottom, Short-Term Holder Supply Enters Stabilization Zone

Chain analysis shows an interesting pattern emerging in the weeks following Bitcoin's potential floor at $81K. The supply held by short-term investors—typically tracked through on-chain metrics—is now stabilizing and inching toward break-even territory, a sign that forced selling has largely subsided.

What catches attention is how the selling momentum has visibly weakened. The capitulation phase, which usually marks extreme market bottoms, appears to have already passed. When you look at historical market cycles, this exact combination—fading sell pressure paired with stabilizing holder supply—typically signals the formation phase of a recovery.

The journey to a market bottom is rarely exciting. It's slow, unglamorous, and filled with doubt. Most traders miss it precisely because nothing dramatic seems to happen. But that's exactly what makes this period significant: after the chaos and panic of capitulation, this boring, sideways consolidation is where real bottoms take shape. $BTC traders watching chain signals are seeing the textbook setup.