Overview
- Jordi Visser says long-idle coins from early adopters are reentering circulation, indicating a gradual transfer of supply to newer buyers.
- Bitcoin has held a tight range near roughly $106,000 to $116,000 in recent days, reflecting consolidation that has frustrated short-term traders.
- Visser likens the phase to a post-IPO distribution that could run six to eighteen months, with volatility likely easing as ownership broadens.
- Each pullback has drawn buyers, while ETFs continue to attract inflows, the network hashrate hits record highs, and stablecoin activity grows.
- The shift may not feature a clear breakout or collapse, as analysts expect accumulation to continue and the market to transition without a single obvious signal.