Bitcoin’s recent price has remained in a narrow range just below its all-time high, reflecting unusual calm amid typically volatile trading. On-chain data shows long-term “diamond hands” investors are accumulating, not selling—adding nearly 300,000 BTC in three weeks. Currently, 14.6 million bitcoins—about 74% of all coins—are held by these patient, long-term holders. The Long-Term Holder Spending Binary Indicator has fallen