Bitcoin Dominance Hits 30%, Indicating Bullish Momentum
Bitcoin investor dominance, tracked by CryptoQuant’s metric, has climbed to roughly 30%, indicating early-stage bullish momentum. The Bitcoin investor dominance rate is about half the historical ‘euphoria’ threshold of 60%–70%, signaling room for further upside before profit-taking. On-chain data shows long-term holders are moderately distributing, while a three-year BTC supply coefficient of 0.3 reflects veteran wallets absorbing fresh demand without large-scale capitulation. Bitcoin has spent over two weeks consolidating between $115,724 and $122,077 and currently trades at $118,371, up 0.6% in 24 hours. A decisive break above $122,000 may spark a bullish breakout, whereas a dip below $115,700 risks testing supports near $114,500 and $110,200. The negative Coinbase Premium gap suggests cooling U.S. demand, but macro tailwinds—such as a rising global M2 money supply—could underpin additional gains. Traders should watch these technical and on-chain levels for signals of shifting Bitcoin demand.
Bullish
Rising Bitcoin investor dominance to 30% signifies early bullish momentum and room for further upside before profit-taking. On-chain metrics—such as a 0.3 three-year supply coefficient—show veteran holders continue moderate selling while absorbing new demand, reducing volatility risk. Technical consolidation between $115,724 and $122,077, with BTC trading above key moving averages, underpins a stable late bull phase. A successful breach of $122,000 could trigger a strong rally, whereas a drop below $115,700 would test lower supports. Despite a negative Coinbase Premium gap hinting at U.S. demand cooling, ongoing global M2 money supply expansion may sustain buying pressure. Together, these factors point to a bullish outlook for both short-term breakouts and long-term growth.