Bitcoin Surges Long-Term Holder Cap Exceeds 20B

Bitcoin Shows Bullish Signs Amid Market Volatility

• Bitcoin is trading in the mid-$100,000 range, about 6.1% below its all-time high.
• The Long-Term Holder (LTH) Net Position Realized Cap surpassed $20 billion, indicating increased investor confidence.
• Over two days, more than 20,000 BTC were withdrawn from major exchanges like Kraken and Bitfinex.
• Binance’s spot market dominance increased from 26% to 35% since early June.
• The BTC derivatives market has reset with funding rates around zero, showing no directional bias.

Despite recent declines, Bitcoin exhibits bullish momentum due to significant withdrawals from exchanges and increased long-term holder confidence. At press time, BTC trades at $105,022.