Long-term holders and institutions continue accumulating Bitcoin at the $105K price level.
Metrics like Puell Multiple and RHODL suggest strong bullish accumulation signals.
Crypto funds enter the market, increasing chances of a supply squeeze and price breakout.
Bitcoin — BTC, refuses to flinch. While altcoins stutter and markets wobble, BTC stands its ground above $105K. That number isn't random. It's a line in the sand, and Bitcoin holders are defending it fiercely. Long-term investors have turned stubborn. They're not just holding; they're doubling down. Indicators suggest something larger is building behind the scenes. The question isn't if Bitcoin will move—it's how big the breakout might be.
https://twitter.com/KillaXBT/status/1924009362046976184 Long-Term Holders Remain Firm While Indicators Are Bullish
One key metric, the RHODL ratio, tracks how long investors hold their Bitcoin. Right now, it's below 2. That means short-term holders aren't selling either. Confidence isn’t slipping—it’s growing stronger. This ratio often drops during quiet accumulation phases. Right now, that’s exactly what’s happening. Then comes the Puell Multiple. Think of it as Bitcoin’s early warning system. When it reads below 1.40, smart money usually enters the market. That’s where it stands today.
History shows this level often marks strong buying territory. Institutions and serious players watch this line closely. They're not just watching. They’re moving. Spot market buyers spent over $60 million on BTC in 24 hours. That’s actually the lowest in five days—yet still impressive. Why? Because traditional investors poured in more. A whopping $301 million came from that group. That’s not loose change. That’s conviction.
Crypto Funds Step In, Hinting at a Possible Supply Squeeze
Bitcoin isn’t just attracting traders. It’s pulling in deep-pocket investors looking to stock up at a discount. The price may seem high, but metrics say otherwise. Many view $105K as a bargain, not a peak. Crypto investment funds aren’t missing the action either. The Fund Market Premium just turned positive. At 0.1, it’s a quiet signal—but one that speaks volumes. Positive premiums suggest these funds are buying rather than selling.
This behavior hints at something bigger: a possible supply squeeze. Picture demand rising while supply tightens. That’s the perfect storm for price growth. If this pattern holds, the next move might surprise even seasoned investors. Every metric points to accumulation, not distribution. Buyers aren’t chasing hype. They’re planning. They see a longer game. With each passing hour, Bitcoin’s resilience strengthens.
The $105K level isn’t just a price point. It’s a battleground. Long-term holders guard it like a fortress. Institutions gather like generals preparing for a campaign. Retail investors? They're watching, waiting, and many are ready to follow. Bitcoin holds above $105K as long-term metrics flash green. Spot and institutional buyers show strong interest. Fund activity supports a possible supply squeeze. All signs suggest BTC could be primed for a major breakout.
