Bitcoin’s long-term holders (LTHs) now control 80% of the cryptocurrency’s circulating supply, signaling potential for a significant price rally. Defined as wallets holding BTC for over 155 days, these investors have created a supply shock by reducing market liquidity.
Historical patterns indicate such high LTH accumulation often precedes major price surges, with gains of 72% and 84% recorded during similar conditions in 2024. Institutional buying has driven LTH holdings to record levels, with approximately 14.7 million BTC—valued at $1.6 trillion—now held by this group.
Traders are positioning for upside momentum, evidenced by heightened demand for September $130,000 call options. Key resistance levels are clustered just above $110,000, which analysts identify as the next breakout threshold.
Market observers suggest current supply dynamics could amplify volatility and catalyze a sustained upward move. Technical indicators point to potential targets near $130,000 if Bitcoin decisively breaches the $110,000 resistance zone.