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Analysts: Bitcoin is not dying — a change of owners is underway
Major players continue to exert pressure on Bitcoin, keeping the price below $70 000.
Strategy has acquired over 88,000 Bitcoins in the quarter despite the price decline.
The ETF rotation from Grayscale to BlackRock masks weak net inflows into BTC.
Bitcoin for most of the first quarter of 2026 cannot break the $70 000 mark. At first glance, the market appears weak, prompting many traders to take short-term bearish positions. However, analysts at XWIN Research, whose work is published on CryptoQuant Insights, believe: behind the chart, a much more interesting dynamic is hidden.
The Bitcoin market is not collapsing — a split into two camps and a change of coin owners is happening.