The data further reveals the composition of Bitcoin’s holder base, with 76% of wallets having maintained their positions for over a year, 20% of holders between one and twelve months, and just 4% representing recent market entrants.

This, in turn, indicates that the majority of current holders entered their positions at lower price levels, particularly those who accumulated Bitcoin below the $50,000 level throughout 2023 and early 2024.
Bitcoin price analysis
As of press time, Bitcoin was trading at $117,688, up 1.55% in the past 24 hours. Notably, the flagship cryptocurrency touched an all-time high of $118,661 earlier in the day, briefly claiming the fifth-largest asset position globally and leaving Amazon (NASDAQ: AMZN), silver, and Google (NASDAQ: GOOG) in the dust.
Bitcoin’s 30-day average daily trading volume stood at approximately $61.66 billion, surpassing traditional equity markets by significant margins. For context, this trading volume was 88.75% higher than Nvidia’s (NASDAQ: NVDA) over the same period, according to Finbold analysis.
With Bitcoin now positioned for its third consecutive weekly gain, the asset maintains its bullish momentum heading into the weekend, supported by a robust trading volume and continued institutional participation.
Featured image via Shutterstock.