Bitcoin activity has surged among long-term holders. Recent data shows that wallets holding coins aged one to five years spent a record-breaking $4.02 billion. This surge aligns with a possible shift in market sentiment, mirroring the rise in Bitcoin prices. Glassnode reports this is the highest aggregate spending volume from these groups since February. Experts attribute this activity to either profit-taking or a sign of increased conviction during bullish trends. Analysts observe a correlation between older Bitcoin coin movement and price increases. Bitcoin’s recent surge has reached near $108,841, with minor fluctuations. However, on-chain behavior offers more insightful information. CryptoQuant reports that price movements are surface-level signals. Real market strength is revealed through metrics like spent volume and coin age. Increased movement from older wallets indicates potential bullish continuation or a local market peak forming. Bitcoin’s price has held above key support at $106,000 after reaching a high of $111,963. Technical indicators show slowing momentum, with the RSI hovering around 64.88 (moderate bullishness) and the MACD flattening, suggesting reduced buying pressure. Bollinger Bands tightening reinforces this consolidation phase. Traders are watching for a breakout above $112,000 to confirm renewed upside. A drop below $106,000 would test critical support and could trigger a short-term correction before any upward continuation. Investment firm Metaplanet has issued $50 million in zero-interest bonds to acquire more Bitcoin. This move, totaling nearly $100 million, reflects growing institutional confidence in Bitcoin as a treasury asset. This latest bond issuance underscores the increasing integration of digital currencies into traditional finance, especially amidst macroeconomic uncertainty.