Key takeaways:
80% of all Bitcoin is now being hodl’d, a historical signal for upcoming rallies.
A break above the $110,000 resistance could lead to increased volatility, with some traders anticipating a rise to $130,000.
Bitcoin (BTC) price has previously rallied as much as 84% when the BTC supply held by long-term holders rose above 80%. A similar fractal is now playing out, hinting at an intensifying supply shock and a potential breakout for BTC price.
Bitcoin gained 72% and 84% the last two times
Bitcoin long-term holders (LTHs) — or entities holding coins for at least 155 days — show stronger holding patterns despite BTC price trading close to all-time highs.
Analyzing the LTH supply change, popular crypto analyst CrediBULL Crypto said the supply has increased to 80%, signaling strong conviction among this investor cohort.
“Over 80% of all the Bitcoin that will ever exist is currently being HODL'd,” the analyst said in a Tuesday post on
