Bitcoin short-term and long-term holders achieve price increases – a sign of a healthy bull market?

Bitcoin is approaching the final and most explosive phase of the bull cycle, which many analysts believe is. After a strong rally over the past two months, BTC has now consolidated a key level below $112,000, a key psychological and technical barrier that, once broken, could indicate the beginning of a major breakthrough. The market momentum remains firmly on bullish territory, and the structure suggests a sharp move is likely to be taken.

As price action tightens, the data on the chain provides further support for bullish papers. According to CryptoQuant, the average realization price for short-term and long-term holders has begun to rise since Bitcoin recovered its $97,000 level. This shift shows that both brand new contestants and experienced investors have improved the cost base, which is often a sign of healthy accumulation in a bull market.

The realized price increase indicates that participants are holding, not selling, and are positioning for continued upward space. As volatile compression and macro uncertainty continue to intensify digital asset narratives, the setting points to impulsive moves. If BTC can be convicted of more than $112K, it could ignite the last stop of the bulls running and to the wider crypto market.

Bitcoin data supports strong market dynamics

Currently, Bitcoin is trading just below its all-time high of $112,000, and after an explosive multi-month rally, Bitcoin has consolidated at a higher level, with its price above the $10.6k price of $108k. The days that follow are shaping into a critical moment for confirming the upward trend. A decisive breakthrough above $112K could push BTC into price discovery mode, igniting a wider market rally and representing the beginning of the last stop of the bull cycle.

However, the macroeconomic situation remains complex. Global tensions continue to intensify as trade conflicts between the United States and other major economies continue to persist, while the rise of the U.S. Treasury has created a whole-body pressure on traditional markets that have signaled to deepen. In this uncertain climate, Bitcoin is increasingly seen as a macro hedge, attracting interest from institutional and retail investors seeking protection from Fiat depreciation and currency instability.

On-chain data further enhances the bullish outlook. According to top analyst Axel Adler, the average realization price for short-term and long-term holders has begun to rise since Bitcoin recovered its $97,000 level. What is more noteworthy is that the 7-day change in long-term holders’ price has now reached the highest point in the current bull cycle. This increase suggests that long-term participants not only hold but accumulate at higher levels, a powerful indicator of growing beliefs and healthy market structure.

Historically, this behavior preceded a major bullish action because it reflects the confidence of experienced holders who usually lead the circular trend. With momentum building and macro uncertainty favoring hard assets, Bitcoin’s position below ATHS suggests that a strong continuation may be coming. A confirmation breakthrough over $112K could mark the beginning of the next explosion phase.

BTC Price Action: Over $108K

Bitcoin is trading at $108,910 on the 4-hour chart, continuing to consolidate its all-time high just below $112,000. The structure remains bullish, with BTC respecting higher lows and staying above key support levels. 34 EMA ($108,819) and 50 SMA ($108,824) are being supported immediately, providing a critical area for momentum construction.

Despite several short-term callbacks, BTC is still elastic. Price repeatedly tested the $109,300 resistance zone with no confirmed breakthrough, suggesting that decisive moves above this level may trigger new bullish impulses. On the downside, the $103,600 level marked by strong horizontal support is key to retaining a broader trend.

At this stage, the volume remains moderate, indicating that the market is in a mode to be seen. As long as Bitcoin stays on the cluster of short-term moving averages, the Bulls remain in control. Clean breaks of over $109,300, especially in quantity, could result in a quick retest of $112,000 ever.

Featured images from DALL-E, charts from TradingView

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