Bitcoin is attempting to recover after briefly falling below $75,000 over the weekend, currently trading near $76,490. However, on-chain data indicating a rise in long-term holder (LTH) supply is misleading due to a massive internal wallet shuffle by Coinbase. The exchange moved approximately 800,000 BTC between its wallets in late November 2025, skewing metrics like UTXO age and LTH supply. This transfer has artificially inflated LTH supply figures, as the coins have now aged into the long-term category without actual new accumulation. Analysts caution against interpreting this as a sign of increased investor conviction. Bitcoin faces resistance at the $80,000 level, which is crucial for confirming renewed buying interest.