Increasingly scarce Bitcoin supply driven by investors adopting a long-term outlook suggests strong underlying market dynamics. Institutional capital inflows into spot Bitcoin ETFs provide sustained support, averaging approximately $298 million weekly and bolstering overall market liquidity.
The resilience of Bitcoin is notable near the $98,300 price point, considered a crucial threshold. This robust cost basis increases the potential for price recovery toward the $107,000 level.
Deepening conviction among holders is evidenced by a record 14.7 million Bitcoin held for the long term. Current metrics indicate exceptionally low ‘liveliness,’ suggesting minimal coin movement and reinforcing investor commitment.
Despite significant unrealized paper profits reflected in the 125% MVRV ratio, actual realized gains remain subdued. Daily realized profits average only $872 million, pointing to accumulation behavior prevailing over profit-taking liquidation.
This confluence of substantial long-term holdings and consistent institutional participation is actively tightening Bitcoin’s circulating supply. The resulting imbalance reinforces foundational support for upward price momentum.