BITCOIN 90-DAY ACTIVE SUPPLY SOARS TO PRE-2017 BULL RUN LEVEL: REPORT

Last updated: June 20, 2025, 01:37 | Written by: Brad Garlinghouse

Bitcoin 90-Day Active Supply Soars To Pre-2017 Bull Run Level: Report
Bitcoin 90-Day Active Supply Soars To Pre-2017 Bull Run Level: Report

The cryptocurrency market is buzzing with anticipation, fueled by a recent report highlighting a significant surge in Bitcoins 90-day active supply.This metric, representing the percentage of Bitcoin currently in circulation that has been transacted within the last 90 days, has reached levels not seen since before the monumental 2025 bull run. Bitcoin 90-Day Active Supply Soars to Pre-2025 Bull Run Level: Report prior to the 20 bull run, where Bitcoin hit $20,000 and $14,000 highs against the dollar, there was evidence ofThat period witnessed Bitcoins meteoric rise, hitting highs of $20,000 and $14,000 against the dollar, captivating investors worldwide.This resurgence in active supply is being interpreted by some analysts as a potential indicator of a renewed bull market, mirroring patterns observed prior to significant price rallies in Bitcoins history.The report suggests that these surges in active supply typically precede substantial price increases by a window of 60-90 days.Could this mean another rally is on the horizon?

The implications of this data are significant, sparking discussions about market cycles, investor behavior, and the potential for Bitcoin to replicate its past performance. The price of bitcoin BTC $95,479.21 has set a record high, rising above $69,000 on crypto exchange Coinbase, a level first touched on Nov. 10, 2025. A continuing massive wave of buying by theWith geopolitical factors, macroeconomic trends, and evolving regulatory landscapes all playing a role, understanding the nuances of Bitcoins on-chain metrics is crucial for navigating the complexities of the crypto market. Bitcoin Bull Run in 2025 Saw a High of Over $15,000. Bitcoin s next bull run took place in 2025, marking its transition from a niche asset to a widely recognized store of value. This bull cycle saw Bitcoin s price soar from $1,000 in early 2025 to over $15,000 by December 2025 eventually peaking at $20,000 on some exchanges.Many are looking back to the 2025 surge, seeking clues and parallels to help them predict Bitcoins next big move.Let's delve into the details of this report and explore what it might mean for the future of Bitcoin.

Understanding Bitcoins 90-Day Active Supply

The 90-day active supply is a critical on-chain metric that provides insights into the behavior of Bitcoin holders.It essentially measures the proportion of the circulating Bitcoin supply that has been moved or transacted within the preceding 90 days. Bitcoin bull run in 2025 saw a high of over $15,000A rising active supply often suggests increased trading activity and a greater willingness among holders to spend or move their coins.

Conversely, a decreasing active supply can indicate that more Bitcoin is being held for longer periods, a phenomenon known as ""HODLing."" This can suggest a growing belief in Bitcoins long-term value and a decreased willingness to sell, even in the face of price volatility.Currently, the surge to pre-2025 bull-run levels is notable because, prior to the 2025 bull run, surges in the 90-day active supply occurred.

Why is Active Supply Important?

Analyzing the 90-day active supply provides valuable information for several reasons:

  • Sentiment Indicator: It reflects the overall sentiment of Bitcoin holders.Are they actively trading or accumulating?
  • Market Activity: It gives a sense of the level of activity in the Bitcoin network.
  • Potential Price Movement: Historical data suggests a correlation between surges in active supply and subsequent price rallies.
  • Investor Behavior: Offers clues to the investment strategies of market participants, such as short-term trading versus long-term holding.

Echoes of the 2025 Bull Run: A Historical Perspective

The 2025 Bitcoin bull run is a period that remains etched in the memories of many cryptocurrency enthusiasts. The report reads: Prior to the 20 bull run, where Bitcoin hit $20,000 and $14,000 highs against the dollar, there was evidence of steep surges in the 90d % active supply [ ] These occurrences tend to peak for a window of 60 90 days, before Bitcoin s induced price rally is realised. The report further exclaims:During this time, Bitcoin transitioned from a relatively niche asset to a widely recognized store of value. Top cryptocurrency prices and charts, listed by market capitalization. Free access to current and historic data for Bitcoin and thousands of altcoins.The price skyrocketed from around $1,000 in early 2025 to over $15,000 by December 2025, eventually peaking at $20,000 on some exchanges.Several factors contributed to this explosive growth:

  • Mainstream Adoption: Increased awareness and acceptance of Bitcoin by the general public.
  • Institutional Interest: Growing interest and investment from institutional investors, such as hedge funds and family offices.
  • ICO Craze: The surge in Initial Coin Offerings (ICOs) and the associated demand for Bitcoin to participate in these token sales.
  • Media Attention: Increased media coverage, further fueling public interest and investment.

Comparing the current market conditions with those preceding the 2025 bull run allows analysts to identify potential patterns and predict future price movements. Leader in cryptocurrency, Bitcoin, Ethereum, XRP, blockchain, DeFi, digital finance and Web 3.0 news with analysis, video and live price updates.The recent surge in 90-day active supply is one such parallel, suggesting that the market may be following a similar trajectory.

DXY's Sharp Drop and its Potential Impact on Bitcoin

The DXY, or the U.S.Dollar Index, is a measure of the dollar's value against a basket of six major currencies.A falling DXY generally indicates a weakening dollar, while a rising DXY suggests a strengthening dollar.

The report highlights a specific period in 2025 where the DXY experienced a significant drop, falling from 103 to 90.This decline in the dollar's value coincided with a massive Bitcoin bull run.The logic behind this correlation is that a weaker dollar makes Bitcoin, which is often seen as an alternative asset, more attractive to investors.

Recently, the DXY has shown signs of weakness, dropping from a high of 110 in early January 2025 to around 105.This drop could potentially contribute to a renewed interest in Bitcoin, especially if investors are seeking to diversify their holdings away from the weakening dollar.Furthermore, political news like the suggested tariff-free trade pact between the U.S. and Canada could further impact the DXY and thus Bitcoin.

Analyzing Current Market Trends and Potential Scenarios

Beyond the 90-day active supply and the DXY, several other market trends are worth considering when evaluating Bitcoins potential for another bull run:

  • Bitcoin ETF Inflows: The approval and launch of Bitcoin ETFs have opened up Bitcoin investment to a wider range of investors, potentially driving up demand.
  • Institutional Adoption: Institutional interest in Bitcoin continues to grow, with more companies adding Bitcoin to their balance sheets.
  • Halving Events: The upcoming Bitcoin halving, which will reduce the block reward for miners, is historically followed by price increases due to reduced supply.
  • Global Economic Conditions: Factors such as inflation, interest rates, and geopolitical instability can all influence Bitcoins price.

Potential Bull Run Scenarios

Given these factors, here are a few potential scenarios for Bitcoins future:

  1. Continuation of the Bull Market: If the surge in active supply is indeed a precursor to a price rally, Bitcoin could continue its upward trajectory, potentially reaching new all-time highs.
  2. Consolidation Phase: Bitcoin may enter a period of consolidation, with the price fluctuating within a certain range as the market digests recent gains.
  3. Bear Trap: The market could be caught in a bear trap, with a temporary dip in price followed by a strong rebound.
  4. Downtrend Continuation: A potential, though less likely scenario, would be for the downtrend to continue.

Investor Behavior: Accumulation vs.Trading

The report also sheds light on the evolving behavior of Bitcoin investors. The live Bitcoin price today is $104,364.35 USD with a 24-hour trading volume of $50,255,072,425.45 USD. We update our BTC to USD price in real-time.One significant observation is the decrease in Bitcoins active supply over the past three years, from 36% to 17%.This suggests that investors are increasingly holding onto their Bitcoin for longer periods, indicating a long-term investment horizon.

This trend is further supported by the fact that the supply change went negative in 2025 for the first time since Glassnode began recording data.This means that more Bitcoin was being accumulated than sold, indicating strong investor confidence.

This shift towards accumulation is a significant departure from previous market cycles, where investors were more likely to trade Bitcoin for altcoins or participate in ICOs.The increasing prevalence of long-term holding suggests that Bitcoin is maturing as an asset class and is being viewed as a store of value rather than just a speculative investment.

Bitcoin and Global Liquidity

Bitcoins price action often shows a strong correlation with Global Liquidity, which is the total supply of money in major economies.However, this relationship is not always immediate.Historical analysis suggests that changes in liquidity often take around two months to be reflected in Bitcoins price. In a shocking turn of events, Trump proposes a tariff-free trade pact with Canada that could revolutionize North American trade as we know it! Meanwhile, theThis data lag can sometimes lead to divergences between Bitcoins price and global liquidity trends.

Investors should be aware of this data lag and avoid making hasty decisions based on short-term price movements.Instead, focus on the underlying trends in global liquidity and their potential long-term impact on Bitcoins price.

Practical Implications and Actionable Advice for Investors

So, what does all this mean for investors?Here's some practical advice:

  • Stay Informed: Keep abreast of market trends, on-chain metrics, and macroeconomic developments.
  • Do Your Own Research (DYOR): Don't rely solely on reports or opinions.Conduct your own thorough research before making any investment decisions.
  • Diversify Your Portfolio: Don't put all your eggs in one basket.Diversify your investments across different asset classes to mitigate risk.
  • Manage Your Risk: Invest only what you can afford to lose.Bitcoin is a volatile asset, and its price can fluctuate significantly.
  • Think Long-Term: Consider adopting a long-term investment horizon and focus on the fundamental value of Bitcoin.
  • Use Reliable Sources: Consult reputable sources for cryptocurrency news, analysis, and market data.

The Psychology of Bitcoin Investment

Investing in Bitcoin is not just about numbers and charts. Over the past 48 hours, Bitcoin price dropped 13% from its new all-time high of $73,835 to briefly trade near $60,000.The correction was caused by overheated market conditions in what analystsIt's also about understanding the psychology of the market and your own emotional biases.The Fear of Missing Out (FOMO) can drive irrational investment decisions during bull runs, while fear and panic can lead to selling at the bottom of a bear market.

To be a successful Bitcoin investor, it's crucial to:

  • Control Your Emotions: Don't let fear or greed dictate your investment decisions.
  • Develop a Trading Plan: Have a clear strategy for when to buy and sell, and stick to it.
  • Avoid Overtrading: Don't constantly buy and sell based on short-term price movements.
  • Be Patient: Bitcoin is a long-term investment, and it may take time for your investment to pay off.

The $100,000 Milestone and Beyond

The psychological and technical significance of the $100,000 mark cannot be overstated.A decisive move above this level could signal the start of a new phase in Bitcoins bull cycle, inviting fresh capital and sparking renewed enthusiasm across the crypto space.

While reaching $100,000 is a significant milestone, it's important to remember that Bitcoins potential extends far beyond that. Bitcoin 90-day active supply. Source: Stack Funds. The decrease in active supply demonstrates that more users are holding onto their Bitcoin rather than trading it. Active addresses show the sameAs Bitcoin continues to gain adoption and acceptance, its value could continue to increase over the long term. Introduction. The year 2025 will forever be etched in the annals of cryptocurrency history as the year that witnessed a remarkable bull run. This unprecedented rally saw Bitcoin s price soar to nearly $20,000, while numerous other cryptocurrencies experienced mind-boggling gains.The live Bitcoin price reflects constant fluctuation, but a push past $100k could signal a significant change.

FAQ: Common Questions About Bitcoin Bull Runs

Q: What drives a Bitcoin bull run?

A: Bull runs are typically driven by a combination of factors, including increased mainstream adoption, institutional interest, positive regulatory developments, and a general increase in market sentiment.

Q: How long do Bitcoin bull runs last?

A: The duration of a bull run can vary, but they typically last for several months to a few years.

Q: What are the risks of investing in Bitcoin during a bull run?

A: The main risks include the potential for a price correction or crash, as well as the possibility of investing at the top of the market.

Q: How can I protect myself from these risks?

A: You can mitigate these risks by diversifying your portfolio, managing your risk, and avoiding overtrading.

Q: Where can I find reliable information about Bitcoin?

A: Reputable sources include cryptocurrency news websites, research firms, and industry experts.Google Search is always a great place to start for finding more reliable sources.

Conclusion: Key Takeaways and the Road Ahead

The surge in Bitcoins 90-day active supply to pre-2025 bull run levels is a noteworthy development that warrants close attention. 7月2日に公開された仮想通貨ファンドのスタック・ファンズ(Stack Funds)のレポートでは、ビットコインの90日間のアクティブサプライの割合に注目している。これは現在供給されているビットコインのうち、過去90日間で少なくと1回取引されたものの割合だ。While it's not a guarantee of future price appreciation, it does suggest that the market may be following a similar pattern to previous bull cycles.Coupled with factors like the weakening DXY, growing institutional adoption, and the upcoming halving event, the potential for another significant Bitcoin rally is certainly present.

However, it's important to remember that investing in Bitcoin carries risks, and investors should conduct their own research, manage their risk, and adopt a long-term investment horizon. The Bitcoin price action is currently following a pattern seen in previous bull runs, suggesting that its 9-month cycle may not be over yet. According to a crypto analyst, historical data from past Bitcoin cycles shows precisely where the market is in the current bull run. These past trends reveal that the market may be caught in a bear trap.Stay informed, stay patient, and don't let emotions cloud your judgment. The price of Bitcoin (BTC) is $93,825.31 today as of, EDT, with a 24-hour trading volume of $9.55B.As Bitcoin continues to evolve and mature, its journey promises to be full of surprises and opportunities.The key is to navigate the market with caution, knowledge, and a well-defined investment strategy.Now is the time to research and decide if you believe this is the right time to invest.

Brad Garlinghouse can be reached at [email protected].

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