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Bitcoin Price Surges to $81K as Long-Term Holders Accumulate 330,000 BTC
Bitcoin climbed to an intraday high of $81,300, extending its weekly gain to 5% and monthly rise to 21%. The move comes amid strong accumulation trends from long-term holders and continued inflows into spot Bitcoin ETFs, reinforcing bullish market structure.

Bitcoin climbed to an intraday high of $81,300, extending its weekly gain to 5% and monthly rise to 21%. The move comes amid strong accumulation trends from long-term holders and continued inflows into spot Bitcoin ETFs, reinforcing bullish market structure.

Long-Term Bitcoin Holder Accumulation Strengthens Supply Dynamics
On-chain data shows long term holders added around 331,000 BTC over the past 30 days, valued at approximately $26.7 billion. This group, defined as wallets holding Bitcoin for more than six months without selling, now controls a larger share of circulating supply, indicating reduced distribution pressure during the recent price rally.

Institutional ETF Inflows Support Market Momentum
Spot Bitcoin ETFs recorded $1.18 billion in net inflows over three consecutive sessions, including $532 million in a single day. These inflows reflect consistent institutional demand, with ETF buying continuing to outpace new Bitcoin issuance, tightening available supply in the market.

Technical Setup Points Toward Higher Price Levels
Bitcoin’s breakout above $77,500 has formed a bull flag pattern, with resistance near $82,000 aligning with the 200-day exponential moving average. A confirmed close above this level could open the path toward a projected target near $94,800, representing potential upside of around 18%. Liquidity data also shows concentrated orders near $84,000, marking a key short-term resistance zone for traders.

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Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
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About the author

8+ years covering crypto markets, macro, and geopolitics. Previously at Decrypt and CoinDesk. Focused on the intersection of digital assets and traditional finance.


