On-chain data confirms the increasing potential for a new price surge for Bitcoin. According to CryptoQuant, since June 22, the number of Bitcoins in the addresses of long-term investors has sharply increased — by 71%, reaching an annual maximum of 248,000,$BTC .
Market demand is gaining momentum again after a downturn that lasted until the end of 2024. Although the overall trend of investor interest is still negative, it is quickly shifting positively — this signals a strengthening of buyers' positions.
Analyst Axel Adler Jr. predicts that the first point for profit-taking will be $130,900 when the MVRV ratio — the ratio between market and realized capitalization — reaches a value of 2.75.
According to Glassnode, during the breakout of the $113,000 level, realized capitalization increased by $4.4 billion — indicating genuine purchases rather than speculative fluctuations.
