BlockBeats News, December 4, according to The Block, BRN Research analysts stated that despite limited spot momentum, Bitcoin's fundamental structure is steadily improving. BRN Head of Research Timothy Misir pointed out that, according to data from CryptoQuant and Glassnode, exchange balances have dropped to about 1.8 million BTC, the lowest level since 2017. Bitcoin’s realized market capitalization (monthly growth) remains positive, indicating that even as the overall market trades within a consolidation range, new capital continues to flow into BTC. Misir stated: "The market opened steadily and strongly, accumulation buying continues, exchange supply is decreasing, and the price is stabilizing above the real market average. What is currently lacking is a breakthrough of 96,000