[CryptoQuant Analyst: Bitcoin Holdings Over 1 Year Increase to 12.4 Million, Strengthening Long-Term Holding Signal] According to a report by Jinse Finance, CryptoQuant analyst Darkfost posted on the X platform stating that the current Bitcoin market is entering an early stabilization phase, with long-term holding behavior gradually strengthening, indicating that the market structure may be undergoing a shift. Data shows that since October, the number of BTC held for over 1 year has increased from approximately 12 million to about 12.4 million. Although the growth remains moderate, it reflects a market behavior leaning towards long-term holding, suggesting that investors are more inclined to continue holding rather than distributing their tokens. This change typically signifies a transition from a speculation-driven phase to a phase of stronger long-term conviction. Historically, the proportion of long-term holdings tends to decline significantly at market peaks and gradually recover during bear markets. Therefore, the current trend can be seen as an early signal of market stabilization.