Key Insights:
- K33 Research says long-term Bitcoin (BTC) holders now control a record 79% of the circulating supply.
- Market participants remain divided as some believe the market still needs a deeper capitulation before recovery.
- A weekly close above the 200-week moving average is being watched as a key bullish signal.
Bitcoin (BTC) price is showing fresh signs of strong holder confidence after long-term investors reached a record 79% of the circulating supply. While some market participants believe the market still needs more time, others say key price levels could decide whether a stronger recovery begins soon.
Bitcoin (BTC) Long-Term Holders Hold More Than Ever
Bitcoin long-term holders now control 79% of the circulating supply, according to K33 Research. The new record shows that many investors are still choosing to hold their BTC, even as the market moves through another weak period.
The report points to steady buying and holding over time. It also shows that fewer coins are available for short-term trading because more of the supply is sitting with people who have no plans to sell quickly.
This is one of the on-chain signals many traders watch during difficult market conditions. When long-term holders continue adding to their positions, it often shows confidence in the market even when prices are under pressure.
That does not mean the Bitcoin (BTC) price will rise right away. The market can stay weak for some time before a clear move higher begins. Still, the latest figures suggest many holders believe the current price is worth holding rather than selling.
The new record has also added to discussions about where the market goes next. Some traders believe strong accumulation could support prices if buying activity returns. Others are waiting for more signs before calling the recent weakness a market bottom.
BTC Price May Still Need More Time
Crypto analyst Joao Wedson believes the market will recover from the current capitulation phase. However, he said the market has not yet shown the same conditions seen during past cycle lows.
He explained that previous bear market bottoms usually came after miners faced heavy losses. At the same time, more coins moved across the network within seven days, while the Bitcoin (BTC) price reached deeply oversold levels.
According to Wedson, those signs have not appeared in full during this cycle. If they do happen in the coming months, he believes the period could be short and may give only a small chance for investors to buy before prices recover.
Because of that, he said having a clear entry plan is important. Investors who wait for every signal to line up may miss the opportunity if the market turns quickly.
His comments suggest that the market may still have work to do before a full recovery begins. Even so, he believes the current phase will not last forever.
Will The Recent Bitcoin Price Bounce Continue?
Market analyst Michaël van de Poppe said the Bitcoin price recently made a fast move below support before quickly pushing higher again. He described it as a sweep of the lows followed by a strong bounce.
He said the weekly candle has not closed, making the next close an important one to watch. If the BTC price finishes the week above the 200-week moving average, he believes the market will be in a better position for further gains.
Van de Poppe also warned against selling in the hope of buying back at a lower Bitcoin price. Instead, he believes holding remains the better choice while the market tests key levels.
For now, investors are watching both the on-chain data and price action. Long-term holders continue to keep a record share of the supply, while market participants wait to see whether the latest bounce can grow into a stronger recovery. The next few weeks could give a clearer picture of where the market and BTC price are heading.
