Bitcoin has been experiencing a prolonged period of consolidation, trading within the $91,000 to $102,000 range for 81 days, with minimal directional movement observed despite ongoing global tensions.
Short-term holders of Bitcoin have realized substantial losses totaling $520 million, whereas long-term holders have chosen to retain their positions, demonstrating resilience despite market fluctuations.
Meanwhile, the altcoin market has struggled, experiencing significant underperformance compared to Bitcoin. Notably, the global altcoin market cap decreased by $234 billion in just 14 days, highlighting the ongoing challenges faced by altcoin investors.