Coin age distribution shows the shift:đș 76.9% (May 2025)đ» 44.6% (Dec 2024)>6m-old coins:đ» 13.4% (May 2025)đș 24.7% (Dec 2024)Older coins were much less active this time, signaling stronger holding behavior.pic.twitter.com/8PZq8p3ZX7â glassnode (@glassnode) May 22, 2025CryptoQuant notes that price momentum increased after reclaiming the average cost basis for Bitcoinâs short-term holder (STH) cohort at just under $100,000 â entities buying within the last six months.âBitcoin is rallying after reclaiming the Short-Term Holder Average Cost basis â a key level that often serves as a strong buy-the-dip indicator during bull markets,â it told X followers.
Related: Bitcoin 'looks exhausted' as next bear market yields $69K targetDaily profit-taking is half of what it was when Bitcoin first reached $100,000 in December 2024, research shows, while the price is 10% higher.âOlder coins were much less active this time, signaling stronger holding behavior,â onchain analytics firm Glassnode added in an X thread on the topic.
CryptoQuant: BTC price uptrend âmay continueâBTC price all-time highs continue to find support among traders, with buyers staying dominant despite the market surging 50% in under two months.
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Author / Journalist: Cointelegraph by William Suberg
The story "Bitcoin buyer dominance at $111K suggests 'another wave' of gains" has 405 words across 17 sentences, which will take approximately 2 - 4 minutes for the average person to read.
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