Bitcoin long-term holders currently control 80% of the circulating supply, signaling a possible price surge based on historical trends. The last two occurrences where the supply held by long-term holders exceeded 80% led to price rallies of 72% and 84%, respectively. Analysts suggest that with this significant holding pattern, a future impulse move toward new highs is imminent, especially if Bitcoin breaks past the $110,000 resistance. Recent data indicates that the supply held by long-term holders peaked at 14.7 million BTC, valued around $1.6 trillion, contributing to increased market optimism. Traders are positioning for considerable price movement as evidenced by the rise in call options for September, specifically targeting prices of $130,000. A breach over $110,000 could intensify market volatility, potentially setting Bitcoin on a bullish trajectory for the upcoming months.

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