Bitcoin Poised for $109K Bull Run: On-Chain Data Shows Potential for Significant Growth

Current market analysis suggests that Bitcoin’s recovery is gaining momentum, with trading around the $97,000 mark. Analysts highlight increasing Bitcoin accumulation by both long-term and short-term holders as key drivers of this resurgence, leading to an anticipated increase in price. 250,000 BTC has been accumulated by long-term holders since March 2025 alone, representing over 14 million BTC currently. Short-term holder acquisition activity also shows signs of renewed interest, adding over 25,000 BTC recently. These developments could indicate market stability and a potential for further growth.