Bitcoin Long-Term Holders Hit All-Time High Amid Bullish Sentiment

Long-term Bitcoin holders have reached an unprecedented milestone, with the supply held for over 155 days hitting an all-time high. This development signals a strong conviction among long-term investors and a reduction in sell pressure, as indicated by the latest on-chain data. The increase in long-term holder supply to new highs further supports the notion that investors are confident in Bitcoin's long-term prospects. This trend is reinforced by the diminishing gap between realized profits and long-term holder supply, indicating that short-term market volatility has not deterred long-term holders. The sustained move above key long-term barriers signals strong underlying buying pressure, confirming a "new trigger for the bulls."

The data also shows that realized profits are declining, which aligns with the reduced sell pressure from short-term holders. This environment of strong conviction and reduced selling pressure is likely to support Bitcoin's price stability and potential for future growth. Long-term holders, who remain undeterred by short-term market fluctuations, are playing a crucial role in maintaining market stability and confidence in Bitcoin's value proposition.

As the price of Bitcoin continues to trade between $108,000 and $110,000, expectations for a bullish upward price surge are gaining momentum. The popularity of Bitcoin continues to grow, with sentiments turning closer to ‘Greed’ than to ‘Fear’. Several analysts are showing great enthusiasm for these bullish crypto expectations. Since even before the Bitcoin Halving event, Bitcoin and altcoins have been showing highly bullish indicators pointing to incredibly high ATH targets in the coming months ahead.

For Bitcoin in particular, the pioneer crypto asset went on to set a new ATH before the Bitcoin Halving event occurred, leading to a rapid rise in BTC prices, which took the asset racing through the $90,000 price range to then set its first 6-digit ATH price in early 2025. Since then, the price of BTC went into a prolonged correction phase for a whole quarter before a healthy pump to an even higher ATH price at the $111,000 price range.

Presently, analysts are shining a light on all the positive signs on and off the BTC price chart to anticipate and predict when the next BTC ATH pump will occur. In the eyes of many reputed crypto analysts, this pump is expected to arrive soon and will take the price of BTC from the ATH targets of $114,000 and $117,000 to that of $120,000 and $137,000. Indeed, exciting times are ahead for Bitcoin.

This bullish trend is further supported by the fact that long-term Bitcoin holders have reached an all-time high, with supply held for 155+ days signaling strong conviction and reduced sell pressure. This is one of the most bullish signs not related to the price action of BTC. It appears that long-term holders are not the only ones waiting for a heavy BTC price pump.

Another reputed analyst shares a bullish take on the present crypto market. He says that the largest OTC deal the market has ever seen may have just taken place. He wonders who is buying BTC now and ponders the intentions of BTC whales and dormant wallet holders. All in all, he expects the price of BTC to move soon and ignite price changes.