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Bitcoin (BTC) continues its upward trajectory, driven by robust demand and significant accumulation among investors.
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Recent insights suggest that BTC has attracted around $80 billion in monthly investments, highlighting increasing confidence in the cryptocurrency.
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Analyst Ki Young Ju remarked, “Nearly half of the capital that has entered the Bitcoin market over the past 15 years was added this year,” reflecting unprecedented growth.
Bitcoin’s bullish momentum persists with record buy activity, hinting at long-term stability despite minor fluctuations in price.
Short-term holders prevent major BTC price decline
A report from analyst James Van Straten indicates a significant buying trend in Bitcoin since September, stabilizing its price amidst high trading volumes. The current Long/Short-term holder ratio at 1.28 suggests a strong preference for buying rather than selling.
This important metric indicates that for every 1 BTC sold, approximately 1.28 BTC is being bought, underscoring a robust market demand.
Analysis reveals that most selling activity came from long-term holders (LTH)— entities that have held Bitcoin for longer than two years—while short-term holders (STH) actively drove the buying momentum.
Source: X
From September until now, transactions indicate that while 843,113 BTC were sold, a substantial 1,081,633 BTC were accumulated by buyers. The daily acquisition averages 12,432 BTC versus 9,690 BTC sold.
This notable imbalance in buying activity showcases strong market sentiment, which has helped Bitcoin maintain a position above the crucial $90,000 level following its recent all-time high.
Historic moment for BTC
Analyst Ki Young Ju has highlighted a transformative period for Bitcoin, noting an influx of $80 billion in buying activity each month.
This surge is a significant bullish indicator, suggesting that adoption is on the rise and retail investors are purchasing BTC in record quantities.
Ki Young Ju further emphasized this trend, stating:
“Nearly half of the capital that has entered the Bitcoin market over the past 15 years was added this year.”
Source: X
Given these dynamics, if the current trend continues, the long-term outlook for BTC appears favorable, positioning it for a sustained upward movement.
COINOTAG’s analysis of Bitcoin’s current market behavior also reinforces a generally optimistic short-term outlook for the cryptocurrency.
BTC maintains bullish momentum
Despite a slight 0.28% dip in Bitcoin’s price over the past day, market indicators remain positive, signaling a continuing bullish trend.
As reported, the funding rate for BTC is currently at a positive rate of 0.0100% over an eight-hour period, according to Coinglass data.
A positive funding rate typically indicates that bullish traders are stabilizing prices across both spot and futures markets, reflecting a stable and optimistic market environment that could enable further price growth.
Source: Coinglass
Investors can also observe BTC’s long-to-short contract ratio, which currently stands at neutral at 1. Movements above or below this level could define the next market direction.
Considering Bitcoin’s strong long-term prospects alongside a favorable funding rate, the fluctuations we are experiencing now appear to be minor, with bullish sentiment prevailing among traders.
Conclusion
In summary, Bitcoin’s strong demand signals an encouraging outlook, supported by significant accumulation among short-term holders and favorable market conditions. The ongoing investments and stability above key price levels indicate that Bitcoin is on path for continued growth, ensuring a potential bright future for crypto enthusiasts. Investors should monitor these trends closely as they develop.
