The recent rise in Bitcoin's price to $107K has revived positive sentiment among most of its holders. While distribution remains muted, long-term investors choose to hold their assets.
Price Recovery of Bitcoin
Bitcoin's price has steadily risen to $107K in recent days, putting many holders back into profit. Despite this, the selling pressure remains minimal, as long-term investors continue to accumulate assets, reassuring themselves with their confidence in further price dynamics.
Declining Realized Profits
It is noteworthy that the level of realized profits has significantly decreased. This indicates that fewer investors are opting to cash out profits, suggesting a conviction in the sustainability of the ongoing rally. Analysts view this situation as a positive sign, noting that holders prefer to stay in the market.
Increased Long-Term Holder Supply and ETF Inflows
Data shows that long-term holders, those who have not moved their assets for over a year, have reached an all-time high supply level. This highlights their confidence in the future of the market. Institutional investor support is also strengthening due to strong ETF inflows into Bitcoin, further reducing selling pressure.
Thus, with strong ETF inflows and reduced active selling, the future price trends of Bitcoin appear promising. However, potential market fluctuations may be triggered by unexpected news, so investors should remain vigilant.
