Bitcoin Short-Term Holder Supply Increases by 559K BTC Amid Market Influx

Bitcoin is at a critical juncture, needing to either reclaim its all-time highs or consolidate further. Recent data shows a surge in new buyers, with significant inflows of fresh capital indicating bullish momentum.

Short-term holders' supply increased by 559,000 BTC, signaling new market participants.
This pattern aligns with early bullish expansions, suggesting fresh demand and a healthy market structure.
Rising short-term holder activity often coincides with momentum shifts and increased liquidity.
Long-term holders and institutional accumulation support a bullish outlook.

Bitcoin's current price near $122,600 shows resilience after a recent rejection. Key levels to watch:

$120,000–$121,000 range acts as short-term support.
Previous resistance at $117,500 remains a crucial structural level.
A rebound above $124,500 could lead to a push toward all-time highs.
A breakdown below $120,000 may result in retesting $117,500.

The overall trend remains bullish, with Bitcoin holding above key supports, setting the stage for another attempt at price discovery.