Bitcoin has experienced significant volatility in recent days, navigating through bearish sentiment and market uncertainty. Despite this, BTC remains strong above the $100K mark, holding a key psychological and technical level. Investors are divided on whether Bitcoin is preparing for a surge into price discovery or a deeper correction, as speculation continues to drive market sentiment.
However, on-chain data suggests long-term confidence is growing. Crypto analyst Maartunn from IntoTheBlock shared key insights revealing that over 1,100,100 BTC has transitioned from the <1 Month to 1-12 Month age band. This means that a significant portion of recently acquired Bitcoin—bought near $100K and higher—has not been immediately sold but has instead aged into the next holding cohort. This behavior signals strong HODLing activity from newer participants, suggesting that many investors remain confident in Bitcoin’s long-term potential.
As Bitcoin consolidates near all-time highs, investors are watching key resistance and support levels closely. If BTC holds above $100K and reclaims $103,600, a push toward new all-time highs could be imminent. On the other hand, losing the $100K level could introduce further downside risks, leading to a deeper market correction.
Bitcoin Consolidates Below Key Levels
Bitcoin has faced days—if not weeks—of uncertainty, consolidating below the $110K mark, a psychological level that investors believe could trigger the next major move. While BTC has yet to test this price, market participants closely monitor key support and resistance levels to determine Bitcoin’s next direction.
Crypto analyst Maartunn shared on-chain metrics on X, revealing that over 1,100,100 BTC has transitioned from the <1 Month to 1-12 Month age band. This data suggests that a significant portion of recently acquired Bitcoin—bought near $100K and higher—has not been immediately sold but has moved into a longer-term holding category. This behavior indicates HODLing activity among newer investors, showing confidence in Bitcoin’s long-term value despite recent price fluctuati
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Author: Sebastian Villafuerte
