K33 Research data shows that in 2025 alone, nearly $300 billion worth of previously dormant Bitcoin re-entered circulation. CryptoQuant reports that the past 30 days have seen one of the heaviest distributions by long-term holders in more than five years. Previously, this selling pressure was largely absorbed by demand from spot Bitcoin ETFs and crypto investment firms, but with ETF flows turning negative, derivatives volumes declining, and retail participation weakening, the additional supply is now being released into a more fragile market. x.com/business/status/20013955...…