Bitcoin market showed interesting dynamics this week. BTC spot ETFs staged a notable recovery, while geopolitical tensions continued weighing on broader sentiment. What caught many traders' attention: the sharp pullback in long-term Bitcoin holders' accumulation patterns—a reversal from previous weeks. Meanwhile, short-term holders are finding conditions more favorable, suggesting renewed participation from active traders. The mixed signals reflect the ongoing tension between macro headwinds and the resilience of institutional-grade Bitcoin products. Worth monitoring how these patterns develop as we head into the next trading cycle.