Overview
- On-chain data shows addresses holding at least 100 BTC have reached an all-time high, indicating continued accumulation by large wallets.
- CryptoQuant reports the 1,000–10,000 BTC cohort has cut holdings by roughly 220,000 BTC over the past year, marking a notable pullback.
- Glassnode’s Value Days Destroyed Multiple sits near 0.52, signaling limited spending of older coins and muted long-term holder activity.
- Bitcoin trades around $90,000 as Fidelity notes one-year realized volatility near a record low around 42%, underscoring a tight trading range.
- Newer whales hold a realized price near $99,000 that could cap rebounds at breakeven, while miner pressure builds with costs estimated around $95,000–$96,000 and hashrate growth stalling.