Bitcoin Market Sees Over 73,000 BTC Influx Into Wallets Younger Than 1 Month – Is A Rally Near?

As Bitcoin (BTC) continues to trade in the low $110,000 range, on-chain data shows that a fresh wave of demand has entered the market. Notably, the Net Position Change (NPC) of the youngest cohort of BTC holders has re-entered positive territory, raising hopes for the cryptocurrency to gain bullish ￰0￱ NPC Back In Positive Territory According to a CryptoQuant Quicktake post by contributor Crazzyblockk, the NPC of Bitcoin holders who have held the digital asset for less than one month has decisively flipped into positive ￰1￱ change shows that new demand is flowing into the market at an accelerated ￰2￱ Reading: Bitcoin Exchange Supply Ratio Declines After Fed Cut, Setting Stage For $120,000 Test Crazzyblockk highlighted that the 30-day change in supply held by wallets younger than one month has surged, hitting as high as +73,702 BTC on September ￰3￱ following chart confirms the uptick following a period of negative ￰4￱ is worth emphasizing that the influx of fresh capital into the Bitcoin market is beneficial in helping to absorb the supply being sold by long-term holders (LTH).

Typically, LTH refers to holders who have held BTC for more than six months. Currently, these LTH are selling their BTC at a rate of approximately -145,000 BTC, indicative of a typical bull market where early investors realize ￰5￱ analyst added that the fact that selling pressure is being met with strong demand from new entrants is a sign of the rally’s ￰6￱ CryptoQuant contributor added that the accumulation is not limited to the newest ￰7￱ the less than one-month cohort, short-term holders (STH) – investors who have held BTC for less than six months – are also ￰8￱ STH NPC has changed to +159,098 BTC, cementing the robust demand for the top cryptocurrency by market cap across a spectrum of investors based on their time in the ￰9￱ added: The current dynamic – where profit-taking from long-term investors is being absorbed by a new and enthusiastic wave of buyers – is a classic characteristic of a strengthening bull ￰10￱ positive flip in the youngest holder cohort is a leading indicator of broadening market participation and suggests a strong conviction among new ￰11￱ robust demand structure is highly supportive of continued price appreciation in the near to medium ￰12￱ Areas Of Concern For BTC While the demand for BTC from young cohorts is encouraging, some concerns still linger about the digital asset’s near-term price ￰13￱ instance, BTC exchange inflows remain elevated, raising fears of greater selling ￰14￱ Reading: Bitcoin Miners Shift Strategy: Accumulation Over Selling Signals Stronger Bull Cycle Similarly, recent on-chain data shows that BTC’s current rally is primarily being led by retail ￰15￱ whales – wallets with significant BTC holdings – are noticeably absent from the current ￰16￱ said, the digital asset’s fundamentals continue to strengthen as the Bitcoin network activity recently reached a new 2025 ￰17￱ press time, BTC trades at $112,804, down 0.2% in the past 24 ￰18￱ image from Unsplash, charts from CryptoQuant and ￰19￱