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- The long -term offer of the holder increased to 14.18 m BTC, which exceeded the short -term holders of a wide margin.
- AXEL AXEL analyst projects a target of $ 160,000 using a 1.6x multiplier at current levels.
During the current cycle, Bitcoins [BTC] Long -term holders (LTH) have shown strong beliefs and continued to increase their shares and reduce spending during repairs and macroeconomic uncertainties.
Now, with prices stable around $ 107,000, LTHS has again surpassed the short -term holders (STHS) in dominance and ruled the bull speech in crypto circles.
This energy -observed dynamics on the market have let analysts talk to Axel Adler Look at the assembly at $ 160,000.
Analyst: “This phase may take 4-8 weeks”
During each of the three main gatherings, LTH has built their positions and overcame short -term holders. Historically, LTH continued accumulation resulted in the main price rally.
Looking at the previous cycles, this happened for the first time when BTC traded around $ 28,000.
Source: Cryptoquant
After Bitcoin consolidated to $ 60,000, a similar shift in supply gave the bull the power to break $ 100,000. Now that the same formula is repeated above the $ 100,000 brand, all eyes are back to the ratio.
On-Cook says LTHS is not wrapping
Source: checkkonchain
Metrics on the chain back Adler’s work.
The long -term offer of holders has now climbed to 14.18 million BTC, while the short -term holder’s offer slipped to only 3.9 million BTC.
This shows that while the LTHS offer is rising significantly, STHS shares are falling, although prices are stable. Therefore, a net change of position LTH has been reflected in a recent decline from 181k to 209 kBTC.
Source: checkkonchain
This shift in the LTH offer suggests that with recovery they are bought even more from the recent pullback.
Even more narrative is a change in the net position for LTHS, which recently jumped from 181k to 209K BTC – an increase of 28 to BTC in just two days.
$ 110k now or about $ 160,000 later?
Spike not only signaled strength; It helped absorb sales pressure.
As STHS earned during a recent decline in $ 98,000, LTHS entered confidence, bought a drop and pushed the price back to $ 107,000.
In the short term, however, if this group continues to accumulate, BTC will strengthen to regain $ 110,000 and an eye psychological level $ 112,000.
In the long run, as Adler, based on a more conservative multiplier × 1.6, predicted, the BTC could gather at $ 160,000. Although this is not unlikely, this level is attractive from nowhere.
