Bitcoin's recent surge has reignited interest in the crypto space. Despite its achievements, new data reveals shifts in holder behavior and potential for further gains.
Bitcoin in Bull Phase
According to Santiment's latest analysis, an important signal supporting Bitcoin's bullish trend is the declining Mean Dollar Age of Bitcoin holdings. This indicates a younger average age of coins in circulation. Over the past five years, three major bull markets have been marked by a decrease in average BTC holding duration. Since April 16, this metric has fallen from 441 days to 429 days, indicating that long-term holders are beginning to activate their assets.
Growing Investor Interest
Glassnode's analysis showed that despite Bitcoin hitting all-time highs, the realized profit-taking volume was only $1 billion, less than half the $2.10 billion recorded when Bitcoin first crossed $100K in December 2024. This indicates that investors are in no hurry to take profits from their investments.
Impact of Global Liquidity on Bitcoin
CryptoRank's latest data highlighted a growing correlation between Bitcoin, now the fifth-largest asset by market capitalization, and global money supply. Coin age distribution shows an increase in short-term traders' activity. The share of BTC less than a month old has risen to 76.9% from 44.6%, while assets older than six months decreased to 13.4% from 24.7%. This trend signals stronger conviction among long-term holders.
The data suggests that Bitcoin's bull phase is far from over. With current liquidity and investor behavior, the cryptocurrency may anticipate further growth in the near term.
