More than 80% of OG’s Bitcoin In Hands Tips Imminent BTC Price “Impulse” Turns to New Highs


Key points:

  • Now, 80% of all Bitcoins are Hodl’d, a historical signal of the upcoming rally.

  • Resting of resistors above $110,000 could lead to an increase in volatility, with some traders expecting to increase to $130,000.

Bitcoin (BTCWhen long-term holders hold BTC supply rose by more than 80%, the previous price was as high as 84%. Similar fractals are now playing, suggesting an intensified supply shock and potential breakthroughs in BTC prices.

Bitcoin earned 72% and 84% in the last two

Although BTC’s price trading is close to its all-time high, long-term Bitcoin holders (LTHS) or entities holding coins for at least 155 days show a stronger holding pattern.

Analyzing LTH supply changes, Popular crypto analyst Credibull Crypto explain The supply increased to 80%, which demonstrates a firm belief in this investor cohort.

“There will be more than 80% of Bitcoin at present,” the analyst said in an article on Tuesday. The most popular Bitcoin investment strategy.

Related: Bitcoin Mayer multiple display $108K BTC price is underestimated: Analysis

Over the 15-year history of Bitcoin, LTHS holds only more than 80%. These are February 2024 and October 2024, 72% and 84% before the BTC price rally, respectively.

Creditbull Crypto explains that when most of the total cycle supply of BTC is held by “Diamond Hands”, the price actively raises any “new” demand.

“Now that the ‘ulterior’ supply has been restored to long-term holders’ hands, and with the lead in Bitcoin Treasury, the next impulse is coming. The next impulse may also be bigger than the recent two ($50,000+).

BTC: lth supply. Source: Bitcoin Magazine

In the words of BTC, the total supply held by LTHS reached 14.7 million BTC on June 5, worth about $1.6 trillion.

This trend, coupled with stability Purchase from institutional investorspropose a scenario that makes Bitcoin supply very high and becomes non-flowing, thus expanding the potential of BTC Explosion is higher when demand increases.

Cryptocurrency, Bitcoin Price, Market, Bitcoin Futures, Market Analysis
BTC: The total supply held by LTH. Source: Glass Festival

Bitcoin trader jobs rise to $130,000

Bitcoin traders are looking forward to it Updated bullish price volatilityas they proved in the growth of the $130,000 phone option on Deribit in September.

These call options give buyers the right to buy Bitcoin at a pre-order price, which is an expectation of bullish volatility and traders expect Bitcoin Potential breakthrough From the current $100,000-$110,000 range.

“The Vols are still fixed near historical lows, but the decisive violation of the $110,000 resistance could trigger new volatility bids. Some of the larger players appear to be positioning just for this,” Singapore-based QCP Capital said in a telegram note to investors on Monday, adding:

“They will continue to increase their September call of $130,000 while firmly holding the $115,000/$140,000 call spread for September, highlighting the structurally bullish third quarter Outlook.”

BTC/USDT three-month liquidation heat map shows liquidity clusters larger than $110,000 Data from Coinglass. A large number of orders also cost about $122,000, up to $130,000.

BTC/USDT three-day liquidation heat map. Source: Xiaodian

This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.