Bitcoin has climbed above a key price zone that analysts had flagged as a 
major obstacle — and that move is drawing fresh attention to who actually 
holds the coin. Related Reading: Swiss Bitcoin Reserve Effort Withdrawn After 
Resistance From Central Bank Long-Term Holders Absorb More Supply Around 
830,000 BTC has left short-term trader wallets in recent months, pushing the 
share of Bitcoin held by long-term addresses to 78%, up from 74% in the 
previous cycle. Data from on-chain tracking account Alphractal shows the shift 
is one of the largest recorded in recent memory. As more supply gets locked 
away in long-term wallets, the amount available for active trading keeps 
shrinking. That tightening supply tends to work in favor of prices during 
periods of steady demand. When fewer coins are circulating, selling pressure 
during price dips tends to be weaker. Reports indicate that long-term holders 
have been absorbing supply consistently relative to price movements, which has 
contributed to thinner liquidity across the market. 𝟳𝟴.𝟯% 𝗼𝗳 𝗕𝗧𝗖 𝘀𝘂𝗽𝗽𝗹𝘆 𝗶𝘀 𝗻𝗼𝘄 
𝗳𝗿𝗼𝘇𝗲𝗻 𝗶𝗻 𝗹𝗼𝗻𝗴-𝘁𝗲𝗿𝗺 𝗵𝗮𝗻𝗱𝘀. 𝗨𝗽 𝗳𝗿𝗼𝗺 𝟳𝟰.𝟭%. That 4.2 percentage-point shift = 
roughly 830,000 BTC migrated from short-term to long-term cohort over the 
cycle. STH conviction is crumbling, LTH conviction… pic.twitter.com/aL8pTSk3Js 
— Alphractal (@Alphractal) May 9, 2026 Price Structure Points To A Range With 
High Stakes Bitcoin recently broke through a resistance zone between $78,000 
and $80,000 — a range that had acted as a bearish block. According to an 
analyst, that zone has now flipped to support, and the next target to the 
upside sits at $90,000. But the setup carries risk on both sides. If that 
newly established support level fails to hold, a pullback toward $68,000 — and 
possibly as low as $60,000 — becomes a real possibility. Reports note that 
tighter liquidity zones increase the chance of sharp moves at key price 
levels, making the $78,000 area especially critical for short-term direction. 
A rejection at $82,000 could also be enough to swing momentum back toward the 
bears, according to the same analysis. Higher Timeframe Still Shows Caution 
Zooming out, the picture is less clear. Bitcoin remains in a corrective phase 
after reaching an all-time high of $120,000, wi th lower highs and lower lows 
forming despite brief rallies. The price is still trading below resistance at 
$97,000, a level analysts say would need to be reclaimed to signal a stronger 
shift in trend. Related Reading: XRP Market Now Controlled By Whales? 
Dominance Reaches 91% On Binance Two major supply zones between $79,000 and 
$94,000 continue to sit overhead, acting as a ceiling for the current rally. A 
support channel has been forming since prices bounced from around $59,000. The 
data points to a market where long-term conviction is rising but short-term 
direction remains unsettled. Whether buyers can hold the ground they&#8217;ve gained 
will likely shape the next significant move. Featured image from Unsplash, 
chart from TradingView

Nearly 80% Of Bitcoin Supply Hasn’t Moved As Long-Term Holders Tighten Grip

The resumption of Visa and Mastercard in Syria could significantly boost 
economic recovery by enhancing global financial connectivity and trust.
The post Visa, Mastercard resume operations in Syria after 15-year hiatus 
appeared first on Crypto Briefing.

Visa, Mastercard resume operations in Syria after 15-year hiatus

A potential ceasefire could stabilize global energy prices, impacting 
inflation and altering cryptocurrency dynamics as geopolitical risks recede.
The post Putin hints Ukraine war may be nearing completion amid Trump-brokered 
ceasefire appeared first on Crypto Briefing.

Putin hints Ukraine war may be nearing completion amid Trump-brokered ceasefire

Escalating US-Iran tensions could hinder diplomatic efforts, increase military 
conflict risks, and impact global energy markets significantly.
The post US-Iran tensions rise as energy secretary hints at military action 
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US-Iran tensions rise as energy secretary hints at military action

Michael Saylor posted “Back to work. BTC” on X Sunday, May 10, 2026, alongside 
an image of Strategy’s bitcoin holdings tracker, signaling the firm is 
resuming its aggressive accumulation after a one-week pause. Strategy Flips 
Switch to Accumulation Mode The social media post came alongside a chart 
showing Strategy, formerly known as Microstrategy, holding 818,334 […]

Saylor Posts ‘Back to Work’ Signal as Strategy Eyes More Bitcoin After One-Week Pause

Strategy CEO Phong Le says Q1 software growth and AI work support the 
company’s Bitcoin treasury model.

Nearly 80% Of Bitcoin Supply Hasn’t Moved As Long-Term Holders Tighten Grip

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