Bitcoin sees more upside above $100K driven by long-term holder dominance: CryptoQuant

Key Takeaways

• Bitcoin surpassed $100,000 as long-term holders control 74% of supply.
• Bitcoin's market dominance reaches 57%, solidifying its status as the largest crypto asset.

Bitcoin broke the $100K milestone for the first time early Thursday, entering a new phase of price discovery.

While Bitcoin’s price movements could trend in either direction, a CryptoQuant analyst suggests that long-term holders might be a key driver of upward momentum.

According to CryptoQuant verified analyst Crazzyblockk, long-term holders (LTHs) account for over 14.5 million BTC, while short-term holders (STHs) hold nearly 5 million BTC.

This dynamic highlights the significant role of LTHs, who control 74% of Bitcoin’s supply, signaling sustained market confidence and reduced selling pressure.

Historically, bull market peaks have seen short-term holder participation exceed 80%, driven by speculative demand.

In contrast, the current cycle shows only 52% of the realized cap held by STHs, suggesting room for further growth as speculative selling remains limited.

The $100K milestone follows key developments, including the appointment of former SEC commissioner Paul Atkins as chair and Federal Reserve Chair Jerome Powell’s remarks comparing Bitcoin to gold .

These events have renewed Bitcoin’s status as a hard asset and drawn fresh market interest.

Bitcoin dominance has also surged to 57% following the $100K breakthrough, and its market capitalization has surpassed $2 trillion.

This milestone further solidifies Bitcoin’s position as the seventh most valuable asset globally, surpassing Saudi Aramco and silver in total valuation.