Bitcoin Hits the Brakes Near $68,000—But Long-Term Holders Aren’t Flinching

Bitcoin has stalled around $68,282, remaining range-bound as equity volatility and shifting rate expectations have capped recovery attempts. Long-term holders have built a critical supply cluster above $65,000, the LTH CBD Heatmap shows, anchored in the 2024 first-half accumulation range and repeatedly absorbing recent selling pressure.

That band has acted as a buffer during pullbacks; a decisive breakdown could open the path toward the realized price—estimates in the piece range from about $54,000 to $58,000. LTH NUPL has declined, reflecting shrinking unrealized profits that have historically accompanied deeper corrections in February 2020 and June 2022, but this cycle appears different: institutional flows and spot-Bitcoin ETF inflows have strengthened structural demand.

HODLer Net Position Change shows accumulation rather than distribution, and continued inflows into LTH wallets can slow downside momentum and help lay a foundation for recovery.

bitcoin, bitcoin price, long-term holders, supply cluster, accumulation range, realized price, nupl, hodler accumulation, spot etf, institutional flows