Bitcoin Surges Above $90,000 as Long-Term Holders Accumulate 635,340 BTC Amidst Market Pressures

According to COINOTAG News on April 24th, Bitcoin’s price has notably surged past **$90,000**, marking a significant rebound in the cryptocurrency market. **Long-term holders**, defined as those maintaining their positions for 155 days or longer, are actively increasing their holdings, currently outpacing **short-term holders** by a ratio of **1.38:1**. Since the beginning of the year, the collective holdings of these long-term investors have expanded by approximately **635,340 BTC**, bringing their total to about **13.755 million BTC**, which represents roughly **65%** of Bitcoin’s total circulating supply.

In contrast, short-term holders have seen a decline in their holdings, dropping approximately **460,000 BTC** over the past 155 days, resulting in a total of around **3.51 million BTC**. The cost basis for long-term holders lies predominantly within the **$65,000-$95,000** range, while short-term holders are increasingly engaging in profit-taking, reflecting a cautious market sentiment. Despite a **30% retracement** from January’s peak of **$109,000**, long-term holders’ continued accumulation suggests a strategic move to capitalize on lower pricing, a hallmark of market resilience. Traders and investors should monitor whether Bitcoin can breach the significant psychological barrier at **$95,000**, a potential turning point for market dynamics.