📉 Glassnode reports a shift in the cryptocurrency market as optimism appears to wane, with big players changing their strategies for the future.

Data shows that bitcoin holders are entering a distribution phase, with large holders selling their coins back to the market. The accumulation trend score has dropped to 0.21, indicating a significant shift in behavior.

This change comes after a period of accumulation from October to December, driven by ultra-large holders with over 10K BTC who have been selling since September.

Despite the pro-crypto stance of the upcoming administration, buying pressure from institutions like MicroStrategy hasn't been enough to sustain market momentum.

Recently, the crypto market faced a sharp decline, losing nearly $390 million, with analysts predicting further drops that could see Bitcoin prices testing the $91,000 level.

What are your thoughts on this market shift? Are we heading for a bear market?