Bitcoin’s circulating supply held by long-term investors has surpassed the critical 80% threshold, a historical indicator often preceding major price rallies. This milestone suggests accumulating upward pressure as fewer coins become available for active trading.
Historical patterns show similar supply concentrations preceded substantial market moves, including rallies initiating near $30,000 and culminating above $105,000. Current institutional and corporate treasury accumulation intensifies this dynamic by tightening Bitcoin’s accessible supply, potentially creating a scarcity-driven squeeze.
Market analyst CrediBULL Crypto projects Bitcoin could surpass $150,000 based on current supply constraints combined with institutional demand. The consolidation of ownership among long-term holders and institutions establishes a foundation for sustained bullish momentum absent significant sell-side pressure.