**[Matrixport: Bitcoin is at a critical juncture, long-term holders are slowly transferring their holdings to a new generation of institutional buyers]** Gold Finance reports that Matrixport released its daily chart analysis, stating: "In recent reports, we have pointed out that Bitcoin is approaching a critical threshold—a typical 'bull-bear dividing line,' which historically has proven to be highly reliable. Multiple structural indicators are issuing warning signals: futures open interest relative to the 90-day moving average is starting to decline, our trend model has turned bearish, and the price has fallen below the 21-week moving average—a level that has historically been the dividing line between 'continuing to go long' and 'turning neutral' in market conditions. On the surface, Bitcoin seems calm. Price movement has stagnated, volatility is gradually fading, and most investors believe the current range is just 'normal consolidation.' However, this interpretation overlooks a deeper structural change: Bitcoin is not quietly resting but is undergoing a silent transfer of ownership—and this transfer is occurring within the most critical price range of this cycle. Beneath the surface calm, long-term holders are gradually distributing their holdings to a new batch of institutional buyers, creating a rare sense of 'stillness.' Additionally, Bitcoin has already fallen below the short-term realized price, increasing liquidation risks. Individually, these are warning signals; when they appear collectively, they constitute a clear risk alert."