Key Points
- Bitcoin’s short-term holders’ accumulation trend in Q2 2025 mirrors patterns that triggered price rallies in 2024.
- Long-term holders acquired approximately 150,000 more BTC in the past 30 days, indicating a decrease in selling pressure.
Bitcoin’s Accumulation Pattern
Bitcoin [BTC] has neared the $97K mark, a level it hasn’t reached since February. This has brought it within 3.5% of the $100K mark. On-chain metrics suggest that $100K is attainable. Specifically, CryptoQuant has pointed out that the accumulation trend of short-term holders (1 day to 1 week) in Q2 2025 resembles patterns that sparked price rallies in early and late 2024.
The data indicates that whenever short-term holder accumulation reached a higher high, it was followed by a Bitcoin price surge in Q1 and Q4 2024. CryptoQuant suggests that if this trend continues in the short term, Bitcoin could break above $100K and enter a strong upward phase.
Long-term Holders Increase Supply
Blockware, a Bitcoin mining system provider, has shared a similar bullish outlook. The firm noted an increase in the supply from long-term holders. This suggests that the major selling pressure from profitable long-term holders (those who have held BTC for over 6 months) is decreasing. BTC analyst Robert Breedlove has stated that long-term holders have acquired approximately 150,000 more BTC over the past 30 days. He suggests that Bitcoin is running out of sellers in the $80k to $100k range.
The rebound in U.S. dollar liquidity is perhaps the most significant demand factor. The Blockware chart showed a positive correlation between BTC and U.S. liquidity. For instance, the significant spike in U.S. dollar liquidity in 2020-2021 led to a massive BTC rally to $69K from $3.5K. The liquidity contracted in late 2024 and early 2025, but appeared to rebound in Q2 2025. If the liquidity trend continues, it could increase BTC bids and fuel further upward momentum.
On the price chart, the 4-hour Super Trend indicator was in ‘buy’ mode at the time of writing. Additionally, price action was above key moving averages, suggesting that bulls had the market edge. Collectively, on-chain and technical indicators lean on the bulls’ side, and an extra rally to $100K could be likely in the short term.
