According to reports from AMBCrypto, 66.5% of Bitcoin's total supply held by long-term holders (coins held for more than 155 days) has entered profitability. However, analysts note this remains relatively low compared to historical ranges, as many holders accumulated these coins at higher prices and transitioning into LTH status leaves a large portion underwater. The current market setup continues to reinforce the pattern where longer periods of consolidation below resistance allow supply dynamics to control the market setup.
As reported by AMBCrypto, Bitcoin's 13.7% rally in Q2 has pushed sentiment back into risk-on mood, with risk appetite gradually returning. From a technical standpoint, Bitcoin continues to trade roughly 15% below its December open near $90K. The cryptocurrency closed above $79K on April 22, printing a second consecutive weekly higher high after facing rejection near $78K the previous week. Despite subsequent dips towards $77K, buyers stepped in to push the price back above $78.7K, with the $80K level now back within reach.
According to Santiment data cited by AMBCrypto, market mood flipped rapidly from extreme pessimism earlier in the week to aggressive FOMO. The past 48 hours have demonstrated what Bitcoin volatility truly looks like, with many analysts viewing the pullback as a healthy reset. With leverage flushed and sentiment turning risk-on again, a breakout above $80K might be increasingly plausible, though this remains contingent on long-term holder behavior patterns.
As reported by AMBCrypto, historically strong bull-market phases tend to emerge only when LTH-held Bitcoin supply moves above roughly 85%. The current cycle may still be in a transitional phase rather than a full expansion, with the price risks pushing newer cohorts deeper into unrealized losses. Analysts believe Bitcoin remains far from a confirmed bull market, and until supply reaches the 85% threshold, the market risks pushing newer cohorts deeper into unrealized losses, making LTH positioning a key signal to watch when judging whether the market is truly building toward a sustained bull run.
