Bitcoin Price Dey Look To Rally As Long-Term Holders Dey Control 74% Supply Amid On-Chain Selling Signals
Di latest report from Ark Invest show say long-term Bitcoin holders—people wey dey hold BTC for pass 155 days—don control 74% of the circulating supply, dis na the highest for 15 years. Institutional investment through ETFs wey BlackRock dey lead plus corporate treasuries like MicroStrategy don drive this trend, push Bitcoin price reach many all-time highs pass $123,000. Global liquidity per BTC reach $5.7 million, wey be 12-year peak. On-chain support still steady between $96,000 and $99,000, with short-term holder cost basis at $98,888 and the 200-day moving average at $96,278. Pseudonymous analyst Mr. Wall Street believe say local bottom dey close to $116,000. Him expect short-term rally go $120,000-$123,500 and mid-term rise go $133,000-$140,000. But on-chain data dey warn say sell-side pressure dey increase: wallets wey accumulate for $16,000-$20,000 dey offload, and centralized exchange reserves don climb to multi-week highs. Traders suppose balance the near-term bullish momentum of Bitcoin price with emerging distribution signals and possible ‘sell the news’ events around Fed meetings.
Bullish
Di report data wey talk say 74% supply dey inside long-term Bitcoin holders hand and institutional inflows through ETFs dey boost confidence for Bitcoin price, e support bullish outlook. Analyst Mr. Wall Street talk say short-term rally fit reach $120,000–$123,500 and mid-term sharp rise go reach $133,000–$140,000 wey go add upward momentum. On-chain warning signs—like wallets weh buy for $16,000–$20,000 dey offload and increasing exchange reserves—make people dey cautious and fit cause small pullbacks around Fed events. For short term, traders fit make use of the bullish momentum to target resistance levels. For medium to long term, the steady accumulation by long-term holders and institutional demand dey back positive market structure, but to manage risk against distribution signs remain important.