Bitcoin Enters Distribution as LTHs Trigger Four Signals; Fear Peaks on Dec 12, 2025

According to analysis by Joao Wedson and Alphractal on Dec 12, 2025, long‑term holders have produced four rare distribution signals and moved dormant coins back into circulation. Glassnode notes a 4.4% relative unrealized loss and fading volatility, while price sits roughly 30% below the early October all‑time high near $126,000 and fear readings reach cycle extremes.