Bitcoin Long-Term Holders Show Conviction as 63% of Supply Remains Dormant
Bitcoin's price remains volatile amid global economic uncertainty but is holding above key support levels, currently trading at $82,600. Key points include:
- Bitcoin has dropped over 30% from its all-time high but shows signs of stabilization.
- 63% of Bitcoin’s circulating supply hasn't moved in over a year, indicating strong long-term holder conviction.
- The U.S. has paused tariffs for 90 days, providing temporary market relief, but ongoing trade tensions with China persist.
- Resistance lies around $83,500; breaching this level could lead to targets of $85K and the $88K–$90K range.
- Failure to maintain above $81K may trigger renewed selling pressure, potentially pushing Bitcoin toward $75K.
