The amount of Bitcoin being held without being sold is increasing, and recent market activity has been characterized by a tight trading range. Glassnode, an on-chain analytics provider, reported that a significant portion of Bitcoin supply remains dormant in investor wallets, with several key age bands reaching all-time highs. The supply of long-term holders, or BTC held for more than 155 days, has also reached a new all-time high. These metrics suggest that Bitcoin holders are resolute in their decision to hold onto their coins, with hodling being the dominant market activity at the moment. Despite predictions of imminent market volatility, Bitcoin's price has remained within a tight weekly range, with resistance at $27,600 and support at $26,600.
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