## On-Chain Data Reveals Major Changes in Holder Structure, Increasing BTC Market Risks
Recent on-chain Bitcoin data has shown significant changes. According to CoinMarketCap statistics, since October, over 400,000 BTC have transferred from seasoned holders to newly created addresses, reaching a new cycle high. Meanwhile, Bitcoin exchange inflows remain high, with the current price fluctuating around $90.51K, after touching $85,000 earlier this month, reflecting a clear instability in market sentiment.
**Risks Behind the Market Structure Shift**
Renowned economist Peter Schiff pointed out that
Recent on-chain Bitcoin data has shown significant changes. According to CoinMarketCap statistics, since October, over 400,000 BTC have transferred from seasoned holders to newly created addresses, reaching a new cycle high. Meanwhile, Bitcoin exchange inflows remain high, with the current price fluctuating around $90.51K, after touching $85,000 earlier this month, reflecting a clear instability in market sentiment.
**Risks Behind the Market Structure Shift**
Renowned economist Peter Schiff pointed out that
BTC0,07%