Bitcoin Shows Potential for Further Growth Amid Market Maturity and Short-Term Holder Volatility

Key Points

1. Bitcoin’s price trajectory follows the Power Law theory, suggesting natural growth rather than speculative bubbles.

2. Short-term holders (STHs) contributed 85.5% of Bitcoin’s spent volume in the last 24 hours, totaling $18.24 billion, while long-term holders (LTHs) accounted for only 14.5%.

3. Bitcoin’s price recently hovered around $113,545, with the daily Relative Strength Index (RSI) at 42.91, indicating weakening bullish momentum but not oversold conditions.

4. The On-Balance Volume (OBV) trend points downward, reflecting reduced buying pressure over the past week.

5. The absence of bubble signals combined with steady long-term holder activity suggests a mature market phase.