BTC Long-Term Holders Maintain Low Risk Zone, Uptrend Confirmation Elusive

BTC's long-term holders are currently exhibiting minimal selling pressure, yet the demand-side signals necessary to confirm a fresh uptrend have not yet materialized.

According to on-chain analyst Axel Adler Jr., Bitcoin is trading at $64,200, which is 1.3 times the average acquisition cost of $49,400 for this cohort.

This metric places the asset in a low-risk zone that has persisted for 78 consecutive days, suggesting that long-term holders are not rushing to exit positions.

Adler's findings indicate that long-term holder balances stand at 16.35 million BTC, just 58,000 BTC below the all-time high.