The supply of long-term holders (LTH) has skyrocketed to 14.18 million BTC, far exceeding the number of short-term holders (STH).
Analyst Axel Adler Predicts $160,000 Target with 1.6x Multiplier from Current Price.
In the current cycle, long-term Bitcoin [BTC] investors have shown strong resilience, consistently increasing their holdings and reducing their selling behavior, even amid macroeconomic corrections and uncertainty.
Bitcoin price is currently stable at around $107,000, LTH continues to surpass STH in supply control, rekindling a strong wave of optimism in the cryptocurrency market.
The move has caught the attention of many experts, with Axel Adler expecting a strong rally to $160,000.
Expert opinion: “This stage can last 4–8 weeks”
During the three major bull runs, LTHs accumulated more than STHs, creating a solid foundation for new price pushes. History shows that LTHs' continued accumulation often leads to explosive bullish reactions.
For example, this pattern first appeared when BTC was around $28,000.
Source: CryptoQuant
As Bitcoin recovered and consolidated around the $60,000 region, a similar move helped push the price above $100,000. Now, with this pattern repeating above the $100,000 region, all eyes are on the LTH to STH supply ratio.
On-chain Data Confirms LTH Is Not “Hyped”
Source: Checkonchain
On-chain data reinforces Adler's thesis.
Currently, LTH holds 14.18 million BTC, while STH only has about 3.9 million BTC left.
This reflects a sharp increase in LTH supply while STH supply decreased despite the price remaining stable. LTH net position recovered from 181K to 209K BTC.
Source: Checkonchain
The change in LTH supply points to a positive scenario: as the market recovers from the recent correction, long-term investors are actively buying more.
Notably, LTH's net position spiked from 181K to 209K BTC, recording an increase of 28K BTC in just two days.
$110,000 now or $160,000 in the future?
This spike not only signals strength but also creates a barrier that absorbs selling pressure.
As STHs sold off during the drop to $98,000, LTH took the opportunity to buy in and pull the price back to $107,000.
In the short term, if LTH buying power is maintained, the target of conquering $110,000 and moving towards the psychological threshold of $112,000 is feasible.
In the long term, according to Adler's prediction, with a 1.6x multiplier from the current level, BTC can completely conquer the figure of $ 160,000. This price level is unlikely to happen immediately, but it is still a reasonable prospect.
Source: https://tintucbitcoin.com/bitcoin-3-mo-hinh-day-gia-len-160k/
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