CoinMeta data: The net accumulation of large holders holding between 1,000 and 10,000 Bitcoin has shifted from a negative of 62,600 coins to a positive of 5,230 coins over the past 60 days. Meanwhile, the USDT reserve of Binance has increased from $790 million to $1.76 billion. The Coinbase premium index is -0.1416%, and the exchange recorded a net inflow of 8,428 BTC. The profit margin for short-term holders ( STH-SOPR ) is 0.9982. Analyst Xwin stated that there are signs of coin hoarding on the chain, but the market still needs stronger spot demand support.