Long Term Holders dey Support Bitcoin Price Stability After ATH Dip
Bitcoin price steady cos long-term holders dey trust am despite say e drop 3.52% from im highest price wey be $123,091 on July 13. Investors wey hold BTC for over 155 days—wey get net unrealized profit ratio pass 0.5—no dey eager to sell, na so price dey stable near $104,000 level. Short-term traders trigger the recent fallback through profit-taking, but their sell pressure don balance cos plenty people still dey gather BTC. Now, Bitcoin dey trade around $114,450, up 0.63% in 24 hours, but volume don fall 14.98% to $48.43 billion. Analysts dey expect price go climb to $116,000, fit make 91% holders dey make profit and open road for e to break towards $150,000. Institutional buyers like Metaplanet still dey add BTC to their portfolio, dey reduce circulating supply and boost market confidence. Overall, these signs show say the current bull run still dey intact, and more gain fit happen if long-term investors and institutions keep the upward movement.
Bullish
Di tori dem talk say Bitcoin price strong steady because long term holders and big institutions dey dey buy. For history, after big ATH dip wen big holders no wan sell, e always mean say price go go up again. Di net unrealized profit ratio wey dey pass 0.5 mean say no be many holders dey sell, and institutions like Metaplanet dey still dey buy, so supply dey reduce. For short term, Bitcoin fit get small wahala for support and resistance level but di balance wey dey between profit-taking and accumulation show say di bull run go last. For long term, when holders sure say dem gots and big institutions dey interested, e dey attract more money and keep market steady for bullish path.