Bitcoin: Supply Concentrates in Long-Term Holdings

Bitcoin supply steadily concentrates in long-held positions, reinforcing its role as a store of value according to Binance data released June 1 2026.

Over the past twelve months long-term holder wallets have absorbed coins at a consistent pace while short-term trading volumes remain subdued. BTC price prediction models now factor this reduced liquid supply into forward estimates, lifting baseline targets even as macro liquidity fluctuates. With price testing upper Bollinger resistance at $74182.93 while RSI sits at 36.42, a healthy retracement to the 50-EMA support at $74727.88 appears probable before further continuation; the MACD golden cross at -322.79 adds conviction that any dip will be bought aggressively by the same long-term cohort.