Bitcoin Bulls Stay Strong as Price Hits New Highs
Bitcoin continues to show strong buyer interest as it reaches new all-time highs. Recent analysis indicates that this bullish trend may persist, driven by significant buyer dominance in the market. This contrasts with previous rallies, suggesting a potentially stronger foundation for continued growth in the crypto space. Let’s dive into the factors supporting this optimistic outlook.
CryptoQuant Analysis: Uptrend Likely to Continue
According to data from CryptoQuant, Bitcoin’s price uptrend is supported by strong buyer activity. The 90-day cumulative volume delta (CVD) shows a clear preference for buy orders over sell orders. This indicates that traders are actively buying Bitcoin, even as prices surge.
Ibrahim Cosar, a contributor at CryptoQuant, noted that the dominance of buy orders suggests the uptrend “may continue.” This analysis is based on the observation that more buy orders are being placed than sell orders, signaling sustained bullish sentiment.
CVD measures the difference between buying and selling volume over a set period. The recent shift towards buyer dominance, after a period of neutral or sell-side pressure, highlights the current strength of the Bitcoin market.
Cosar concludes, “As the price tests above $110K and reaches a new all-time high (ATH), buyers have not backed down. This could be setting the stage for another wave of upward movement.”
Hodlers Refrain From Selling
Another factor supporting the bullish outlook is the behavior of Bitcoin holders. Unlike previous price surges, long-term holders are largely refraining from selling their coins. This indicates strong confidence in Bitcoin’s future value.
Data suggests that daily profit-taking is significantly lower compared to when Bitcoin first reached $100,000. This suggests stronger holding behavior among investors. As onchain analytics firm Glassnode noted, older coins are much less active, signaling a greater willingness to hold onto Bitcoin.
Coin age distribution shows the shift:
<1m-old coins:
🔺 76.9% (May 2025)
🔻 44.6% (Dec 2024)>6m-old coins:
🔻 13.4% (May 2025)
🔺 24.7% (Dec 2024)Older coins were much less active this time, signaling stronger holding behavior. pic.twitter.com/8PZq8p3ZX7
— glassnode (@glassnode) May 22, 2025
CryptoQuant also points out that Bitcoin’s price momentum increased after reclaiming the average cost basis for short-term holders (STH), which is just under $100,000. This level often acts as a strong buy-the-dip indicator during bull markets.
Conclusion
In summary, Bitcoin’s current rally is supported by strong buyer dominance and the reluctance of long-term holders to sell. As reported by Cointelegraph, analysis from CryptoQuant and Glassnode suggests that this uptrend may continue, potentially leading to further gains for Bitcoin. However, as always, remember that the crypto market is volatile, and investments should be made with caution and thorough research.
Disclaimer
The information provided in this article is for informational purposes only and does not constitute financial advice. All news content is sourced from trusted platforms like Cointelegraph, Bitcoinist, and our own writers written with added value, editorial insights and reviews by our team. Always do your own research before making any investment decisions.
