<ul><li>Bitcoin has been trading within a narrow range between $106,229 and $111,807 after reaching an all-time high of $111,814.</li><li>On-chain data shows that long-term holders, known as 'diamond hands', are absorbing all selling pressure and accumulating more Bitcoin.</li><li>The Long-Term Holder Spending Binary Indicator has dropped to its lowest level since September 2024, indicating a bullish move in the Bitcoin price.</li><li>If historical trends repeat, the recent behavior of long-term holders could lead to a potential 96% surge in Bitcoin's price, with a new peak near $212,000.</li></ul>

Bitcoin Diamond Hands Are Buying Again, Here’s Why It’s Bullish For The Market

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