{"id":24030,"date":"2025-04-27T11:01:58","date_gmt":"2025-04-27T11:01:58","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24030"},"modified":"2025-04-27T11:01:58","modified_gmt":"2025-04-27T11:01:58","slug":"bullish-bitcoin-359000-btc-turns-long-term-as-market-swallows-new-supply","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24030","title":{"rendered":"Bullish Bitcoin: 359,000 BTC Turns Long-Term As Market Swallows New Supply"},"content":{"rendered":"
\n

The Bitcoin (BTC) market was highly bullish in the last week, with prices leaping by over 10%. Amidst this positive development, there has been notable investor activity, which points to an unyielding demand that could support a sustained price uptrend.\n<\/p>\n

BTC Supply Shake-Up: Long-Term Holders Increase, New Buyers Step In Above $92K<\/strong><\/h2>\n

In a recent X post<\/a>, popular crypto pundit Axel Adler Jr. shared some interesting on-chain insights on the Bitcoin market.\u00a0<\/p>\n

Using data from CryptoQuant, Adler reports that the market supply of short-term holders decreased by 359,000 BTC, valued at $33.84 billion, over 16 days between April 4-21. Interestingly, this decline was not due to selling pressure but rather coin maturation, resulting in a transition to the long-term holders category.<\/p>\n

This is a positive market signal indicating that holders are confident in Bitcoin\u2019s long-term prospects. By opting against selling, holders are strengthening the underlying market demand, providing a solid foundation for future price rallies.<\/p>\n

\"Bitcoin\"<\/p>\n

In another interesting development, Axel Adler Jr also noted that BTC short-term holders\u2019 supply grew by 70,000 BTC, valued at $6.59 billion, in the last two days following Bitcoin\u2019s latest price rally.\u00a0<\/p>\n

The analyst explains that this increase resulted from profit-taking by long-term holders<\/a> via redistribution as prices climbed. Importantly, short-term holders have effectively absorbed this new supply, signaling strong demand in the Bitcoin market.<\/p>\n

This demand is highly reflected in Bitcoin\u2019s ability to remain above $92,200, the short-term holders\u2019 cost basis, representing the average acquisition price for their holdings. This indicates a robust market confidence as new buyers are aggressively stepping into the market, expanding the STH cohort.\u00a0<\/p>\n

Overall, the combination of significant coin maturation, healthy redistribution, and Bitcoin\u2019s resilience above the short-term holders\u2019 cost basis highlights a structurally strong market demand.\u00a0With long-term holders demonstrating confidence and new demand effectively absorbing supply, BTC appears well-positioned for sustained upward momentum in the near to mid-term.\n<\/p>\n

Bitcoin Price Overview\u00a0<\/strong><\/h2>\n

At the time of writing, Bitcoin trades at $94,408, reflecting a 0.78% decline in the last day. However, daily asset trading volume is down by 55.53%, suggesting a waning market participation.\u00a0<\/p>\n

Nevertheless, BTC looks set to maintain its price uptrend, having moved past the major resistance level at $91,000<\/a>, supported by other bullish developments, including a revival in ETF inflows<\/a> totaling approximately $3.06 billion over the past week.<\/p>\n

The next resistance lies at $96,000, moving past which could pave the way for a further price rise to around $100,000. However, a price rejection could force a return to around $92,000, effectively creating a range-bound movement.<\/p>\n

\"Bitcoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

The Bitcoin (BTC) market was highly bullish in the last week, with prices leaping by over 10%. Amidst this positive development, there has been notable investor activity, which points to an unyielding demand that could support a sustained price uptrend. BTC Supply Shake-Up: Long-Term Holders Increase, New Buyers Step In Above $92K In a recent […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-24030","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24030"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24030\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}