Bitcoin Accumulation by Short- and Long-Term Holders Spikes
On-chain data shows Bitcoin accumulation by both short- and long-term holders reaching record levels. Since June 22, long-term holders have added 13,000 BTC, boosting their stake to 14.71 million BTC (over 80% of circulating supply). Short-term holders also increased their positions by 60,000 BTC to 2.3 million BTC. This broad-based Bitcoin accumulation signals strong market confidence and reduced sell pressure.
Earlier on-chain analysts noted that long-term holders controlling over 80% of supply often precede major rallies. At the same time, Deribit traders are loading up September call options with a $130,000 strike, betting on a breakout above the $110,000 resistance. A sustained breach could trigger heightened volatility.
Traders should watch these on-chain metrics and options flows for confirmation of a bullish breakout. The coordinated accumulation and call option positioning point to potential price momentum toward new all-time highs.
Bullish
The combined surge in Bitcoin accumulation by both short- and long-term holders, alongside large call option bets on Deribit, indicates strong conviction and reduced sell pressure in the market. Historically, when long-term holders control over 80% of circulating supply, significant rallies often follow. Simultaneous accumulation from both holder groups and sustained option positioning suggest growing demand and set the stage for a bullish breakout in both the short and long term.