Bitcoin experienced a 4% intraday rally, falling short of surpassing US$110k, flipping most investor cohorts back into profit after bouncing from US$98k support.
HODLing behavior dominates as profit-taking remains muted at US$872 million daily, with Long-Term Holder supply reaching a record 14.7 million BTC.
Demand indicators show steady buying pressure, US$298 million weekly inflows to spot-Bitcoin ETFs, and stablecoin reserves suggesting ample sideline capital.
Bitcoin's implied volatility dropped to two-year lows, indicating a transition from a speculative asset to a volatile macro asset according to analysts.