NewsBTC
6 March 2025
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Bitcoin Price Rises 6.9% to $87,992 Amid Supply Shift

Bitcoin's price is currently at $87,992, having increased by 6.9% in the last 24 hours. This rebound follows a period of decline and highlights changing supply dynamics between short-term holders (STH) and long-term holders (LTH).

Market Dynamics

  • All-time high (ATH) has led to an increase in STH supply and a decrease in LTH supply.
  • This shift often indicates market transitions as LTHs sell and STHs accumulate.
  • Increased activity from STHs suggests speculation is rising.
  • Current trends indicate a possible pullback phase after the recent ATH.
  • Institutional investors continue to buy Bitcoin, resembling STH behavior during this phase.
  • MicroStrategy has aligned its buying with retail patterns.

Future Outlook

  • Supply shifts imply potential cooling-off, challenging sustained price increases without renewed demand.
  • Recent spikes in active Bitcoin addresses indicate heightened market activity, possibly signaling a transition.
  • Caution is advised for high-risk trades until long-term holders return and demand strengthens.

Monitoring supply trends, ETF inflows, and liquidity conditions will be crucial for assessing Bitcoin’s next moves.