Bitcoin Weak Hands Exit While Smart Money Loads Up – Is A Breakout Near?

Bitcoin is approaching its all-time high of $111,814, and new on-chain data suggests a shift in its holder composition. "Weak hands" or retail investors are selling their holdings to larger investors. The supply of Bitcoin is moving upstream from retail investors to larger holders, indicating a fundamental shift in investor sentiment. Retail investors have seen a significant reduction in their holdings, with total balances dropping by 54,500 BTC year-over-year. In contrast, large holders have expanded their total BTC exposure by 507,700 BTC over the same period. Institutional interest in Bitcoin is also rising at a historic pace, with institutions absorbing about seven times more BTC than retail investors are selling. The post-halving issuance of BTC is currently hovering around 450 BTC a day, raising the possibility of a true "supply squeeze" amid strong buying pressure. The data suggests that meaningful retail interest has yet to kick in during this cycle, and the bull run may still have more room to grow. The Bitcoin 30-day MA Binary CDD metric also indicates that the market is "far from overheating." As BTC remains range-bound, the short-term holder realized price is steadily climbing, reflecting rising investor conviction.