Bitcoin Holds Above $81K As 63% Supply Unmoved For A Year

Bitcoin is currently navigating a challenging macroeconomic environment, with its price experiencing significant volatility. Despite this, many analysts believe that the worst phase of the correction may be over, as Bitcoin has managed to hold above key support levels. The price of Bitcoin has dropped over 30% from its all-time high, but it has shown resilience by maintaining its position above crucial support zones.

Global tensions, driven by escalating trade disputes and aggressive tariff policies, are contributing to the uncertainty in financial markets. The possibility of a global recession is making investors cautious across both traditional and digital asset classes. However, on-chain data from Glassnode provides a layer of optimism. According to their latest analysis, 63% of Bitcoin’s circulating supply has not moved in at least one year. This historic level of dormant supply highlights the growing conviction among long-term holders, who are weathering the current volatility without panic.

Such behavior reinforces the belief that Bitcoin’s foundation remains solid, even as short-term traders exit the market. The strong hands are holding firm, and their resilience could lay the groundwork for the next major move—once macroeconomic conditions begin to stabilize. Despite the challenging backdrop, Bitcoin’s performance suggests underlying resilience. Bulls are gradually regaining momentum after the recent sharp correction, and many market watchers believe the worst phase of the drawdown may be over.

Adding to the optimism, top analyst Quinten Francois shared Glassnode data revealing that 63% of the Bitcoin supply has not moved in at least a year. This metric, often associated with strong long-term conviction, shows that the majority of Bitcoin holders are choosing to hold through volatility rather than sell into weakness. It reflects a maturing investor base with confidence in Bitcoin’s long-term value, even amid global uncertainty.

If current support levels continue to hold and macro conditions stabilize, Bitcoin may be on the verge of a sustained recovery. Bitcoin is currently trading at $82,600 following a strong surge that helped the asset recover from recent lows. The move has brought some short-term optimism to the market, especially as BTC managed to reclaim the $81K level—a key support zone that now needs to hold for bullish momentum to continue.

However, significant resistance lies ahead. The price stopped near the 4-hour 200 Moving Average, currently sitting around $83,500. This technical level has consistently acted as a short-term barrier since Bitcoin lost the $100K mark, and bulls need a decisive breakout above it to confirm the beginning of a true reversal. If Bitcoin can break and hold above $83,500, the next immediate target is the $85K zone. Reclaiming that range could open the path for a push toward the $88K–$90K resistance band and potentially resume the longer-term uptrend.

On the flip side, failing to hold above $81K would signal weakness and likely invite renewed selling pressure. A breakdown below $80K would reinforce bearish sentiment, possibly triggering a fresh wave of panic selling and sending BTC back toward the $75K support zone. Bulls must act quickly to defend current levels and push higher.