Analysis “Bitcoin, Long-term holders accumulating…Building upward momentum”

With the accumulation movements of Bitcoin (BTC) long-term holders becoming strong again, it is analyzed that a new upward momentum is forming in the market.

CryptoQuant's analyst Axel Adler Jr. stated on his X account on the 25th that “The purchase by long-term holders was a precursor to the surge in the three past bullish cycles,” and “A similar trend is appearing again this time.”

He explained, “After long-term holders started accumulating when BTC was at 28,000 dollars, it rose to 60,000 dollars in about 2 months, and when a similar accumulation trend reappeared, it rose to 100,000 dollars.” He added, “If the past cycle and structure are similar, this upward target can be seen as about 160,000 dollars.”

In the market, despite external variables such as slowing ETF fund inflows and the policy direction of the US Federal Reserve, there is growing expectation that if the accumulation trend of long-term holders continues, a mid-to-long-term bullish market may unfold again. As seen in past cases, their movements are evaluated as indicators suggesting stronger market directionality than short-term traders.