The UTXO age bands metric tracks the average price at which Bitcoin holders purchased their coins compared to how long they\u2019ve held the assets. In ShayanBTC\u2019s latest analysis, the relevant age bands are the 3 – 6 months and 6 – 12 months cohorts.<\/p>\n
According to data from CryptoQuant, the percentage of coins held by this class of investors has been on a steady rise. ShayanBTC noted that this climb appears similar to the accumulation patterns observed during the prolonged correction in the summer months of 2024.<\/p>\n
![\"Bitcoin\"](\"https:\/\/i0.wp.com\/img.cryptoquant.com\/200133\/quicktake\/jaZJya_67f4a0b692602cca9bc1338fed08c47d7bf8ae80dc77cfd9fde2b061f9b7ec82.png?resize=1280%2C720&ssl=1\")
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The Quicktake analyst noted this pattern points to a \u201cholding trend\u201d, where the 3 – 6 months and 6 – 12 months investors are not offloading their assets despite the ongoing market correction. \u201cAs more coins move into the hands of long-term holders, the available circulating supply shrinks, increasing Bitcoin\u2019s scarcity,\u201d ShayanBTC added.<\/p>\n
From a historical standpoint, these supply constraints could be a positive catalyst for robust price rallies, especially when combined with fresh demand. According to ShayanBTC, this market dynamic could set the stage for price discovery and propel the Bitcoin price to new all-time highs.<\/p>\n
Furthermore, the Quicktake analyst believes that, with the current on-chain structure, there is a reduced likelihood that the Bitcoin market is currently at the start of a bear season. The ongoing drawdown instead seems to be a healthy correction within a broader bullish cycle.<\/p>\n
Bitcoin Price At A Glance<\/b>\u00a0<\/h2>\n
The Bitcoin price appears to be building some bullish momentum, briefly crossing the $86,000 in the early hours of Sunday, April 13. As of this writing, the price of BTC stands at around $85,200, reflecting an over 2% increase in the past 24 hours. According to data from CoinGecko, the premier cryptocurrency is up by about 2% in the past seven days.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The price of Bitcoin has found its way back above the $85,000 mark, marking a huge success in the recovery from the coin\u2019s latest slump toward $74,000. According to an on-chain analyst, this recent correction might not be as ominous as initially thought and could be part of a broader bull cycle. Can BTC Price…<\/p>\n","protected":false},"author":1,"featured_media":4077,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[22,29,32,34,36,263],"class_list":["post-4076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btc-price","tag-btcusdt","tag-cryptoquant"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/4076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=4076"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/4076\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/4077"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=4076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=4076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=4076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}