Bitcoin Price Prediction: Onchain Accumulation Hits Six-Year Low – What Does the Supply Squeeze Mean for BTC?

Bitcoin’s exchange balances have dropped sharply, highlighting a deepening supply squeeze as long-term holders tighten control over ￰0￱ 45,000 BTC, worth nearly $4.8 billion, has been withdrawn from centralized exchanges since early October, signaling that investors are moving assets into cold storage rather than keeping them available for ￰1￱ Supply on Exchanges Declines Sharply A lower exchange balance generally means fewer coins are available for sale, reducing immediate market ￰2￱ combined with stable or rising demand, this creates conditions that can accelerate upward price ￰3￱ latest withdrawal trend points to growing investor confidence in Bitcoin’s long-term potential, despite recent volatility.

Chart: Bitcoin exchange balances have fallen to six-year lows, signaling increased long-term accumulation.). By contrast, inflows to exchanges tend to rise during uncertainty, when traders seek ￰4￱ opposite is now occurring: outflows are increasing even as prices remain ￰5￱ behavior suggests that many participants see the recent correction as an accumulation opportunity, not a risk ￰6￱ the time of writing, Bitcoin trades at $108,417, up 1.34% in 24 hours, with a total market capitalization of $2.16 ￰7￱ circulating supply stands at 19.93 million BTC, leaving fewer than 1.1 million coins yet to be mined before the network reaches its hard cap of 21 million.

Long-Term Holders Maintain Control On-chain metrics show that long-term investors remain active despite short-term ￰8￱ to Santiment, the 30-day Market Value to Realized Value (MVRV) ratio is -7.56%, indicating that recent buyers are holding small unrealized losses. Historically, negative MVRV readings have marked accumulation phases, where Bitcoin trades below perceived fair ￰9￱ previous cycles, similar setups preceded price recoveries as selling pressure eased and confidence ￰10￱ also shows that leveraged positions are at multi-year lows, reducing the risk of forced ￰11￱ derivatives markets showing more balanced sentiment, the environment supports gradual accumulation and consolidation before a broader recovery ￰12￱ Price Analysis: Recovery Within Reach From a technical standpoint, Bitcoin price prediction is turning slightly bullish as it’s forming a symmetrical triangle pattern on the two-hour ￰13￱ structure often signals a potential ￰14￱ price is testing the 200-EMA resistance at $108,500, while maintaining higher lows since the $104,500 bottom on October ￰15￱ RSI has climbed from 35 to 59, indicating improving momentum without entering overbought territory.

A breakout above $110,850 could open the path toward $113,500 and $115,960, key resistance zones within the previous descending ￰16￱ to hold above $107,400, however, could trigger a pullback toward $104,550 or $102,000. For traders, a long position above $108,800 with a stop below $107,400 presents a measured opportunity targeting $113,500. If strength persists, Bitcoin could approach $116,000 before ￰17￱ exchange supply tightening and long-term holders accumulating, Bitcoin’s structural setup appears increasingly ￰18￱ institutional demand rebuilds and macro pressures stabilize, the supply squeeze may set the stage for the next major price ￰19￱ Hyper: The Next Evolution of BTC on Solana?

Bitcoin Hyper ($HYPER) is bringing a new phase to the Bitcoin ￰20￱ BTC remains the gold standard for security, Bitcoin Hyper adds what it always lacked: Solana-level ￰21￱ as the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), it merges Bitcoin’s stability with Solana’s high-performance ￰22￱ result: lightning-fast, low-cost smart contracts, decentralized apps, and even meme coin creation, all secured by ￰23￱ by Consult, the project emphasizes trust and scalability as adoption ￰24￱ momentum is already ￰25￱ presale has surpassed $23.9 million, with tokens priced at just $0.013125 before the next ￰26￱ Bitcoin activity climbs and demand for efficient BTC-based apps rises, Bitcoin Hyper stands out as the bridge uniting two of crypto’s biggest ￰27￱ Bitcoin built the foundation, Bitcoin Hyper could make it fast, flexible, and fun ￰28￱ Here to Participate in the Presale