Last Time This Happened, Bitcoin Jumped $50,000—Is | Crypto News
The Bitcoin market seems to be coiling for a main transfer, according to outstanding crypto analyst CrediBull Crypto (@CredibleCrypto), who highlighted at present via X that over 80% of all Bitcoin in existence is at present being held by long-term buyers—ranges of provide constraint beforehand seen only at main inflection factors in Bitcoin’s price historical past.
Why No One’s Selling Bitcoin
In his post, CrediBull famous, “The only 2 times in Bitcoin’s 15 year history that this % was higher was at 43k before a $30,000 impulse to 73k and at 58k before a $50,000 impulse to 105k+.” Drawing on this historic precedent, he concluded that the market is poised for one other huge leg up: “When the majority of $BTC total circulating supply is cornered by ‘diamond hands’, price moves up aggressively at the hint of any ‘new’ demand.”
With “excess” provide now redistributed to long-term holders and institutional entities such as Bitcoin treasury firms more and more taking the lead, the analyst sees a clear signal: “The next impulse IS IMMINENT. This next one will also likely be even bigger than the last two ($50,000+). Who’s ready for 150k+ Bitcoin?”
The optimism will not be without a technical underpinning. In a earlier post, CrediBull addressed the present market construction and his own Elliott Wave-based state of affairs planning: “My original count/idea shared a few days ago had us rejecting at range highs above 110k and seeing a pullback down to the BLUE zone at 102k-ish before moving sideways for a few more weeks before the next impulse begins.”However, the analyst acknowledged a vital different chance: “I do still think this scenario is probable, I also recognize that there is a non-zero chance that the next impulse up has already begun (most bullish scenario depicted).”
Given the price motion and construction, CrediBull argued that the risk-reward profile no longer favors bearish positioning. “In either case, downside is relatively limited on Bitcoin from current levels imo and so focus should be on identifying potential long opps on Bitcoin rather than looking to short clear strength.”
He punctuated the purpose with a rhetorical jab: “Why is it now illegal to short Bitcoin? Because there is a non-zero chance that the next impulse up has already begun.”
Adding a layer of technical affirmation, analyst Axel Adler Jr supplied a concurrent signal from volatility metrics. Adler pointed to a vital Bollinger Bands squeeze underway, writing: “The range between the upper and lower boundaries has fallen to 7.7%—one of the lowest values throughout the entire bull cycle.”
Such compressions in volatility traditionally precede massive directional strikes. Adler defined, “The decrease in volatility indicates energy accumulation in the market; the price is ready for a rally, and in an upward trend environment, the chances of an upward breakout are significantly higher.”
In the present cycle, Adler has recognized six episodes of such squeezes. Four had been immediately adopted by sturdy price appreciation, while the remaining two noticed temporary corrections before persevering with upward. The takeaway: “Based on this experience, the current squeeze most likely foreshadows another upward impulse, although a small consolidation before the move is also not ruled out.”
With long-term holders now controlling an overwhelming share of provide, bullish technical compression in play, and institutional adoption persevering with to soak up circulating cash, the setting CrediBull describes echoes previous moments of explosive upside. While nothing is assured, the mixture of on-chain metrics and technical indicators counsel Bitcoin’s next chapter could already be starting—quietly, beneath the floor.
At press time, BTC traded at $108,738.
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