BULLISH 📈 : Bitcoin holds $71K as long-term holders accumulate, ETFs boost demand
CryptoQuant says long-term holders aren’t selling. ETFs are reshaping supply. Bitcoin holds near $71,000.
On-chain signals shift. UTXO Age Bands for 2025–2026 show the share of BTC held 6+ months is stable or rising. In 2018 and 2021, that share fell fast as holders distributed into weakness. Source: CryptoQuant.
ETFs change supply behavior. Since spot ETFs launched in January 2024, issuers keep coins in cold custody and sell less on price swings. Consistent ETF demand absorbs dips more than it amplifies them. Source: CryptoQuant.
Cycle read is different. CryptoQuant argues this is not a bear market but a transition as institutional capital overrides the old four-year playbook. Source: CryptoQuant.
Price action stays fragile. BTC trades just above $71,000 after a sharp drop from the $95,000–$100,000 area. Daily trend is down. Price sits below the 50D and 100D MAs, with the 200D above as resistance. $70,000 is the near-term pivot. Resistance stands at $73,000–$75,000. A break under $70,000 risks $65,000. Chart: 
