This Chart Warns Bitcoin’s Momentum May Be Running Out, Here’s Why
Bitcoin is trading above $107,000 after reaching an all-time high of over $111,000, marking a 3.9% decline from that peak but still showing a 10% gain over the past month. On-chain analysis indicates that long-term holders are selling, while new investor inflows remain low, potentially limiting Bitcoin's upward momentum. A significant portion of Bitcoin supply is held by individuals with assets retained for over six months, with the 6–12 month holding category increasing. The percentage of UTXOs held for less than one month is around 20%, below historical levels seen at previous market tops. Large holders are accumulating Bitcoin, suggesting institutional confidence, while retail participation remains subdued. The market is in a transitional phase, with potential for price support if new investor engagement increases.
