Bitcoin's chance of dropping below $60,000 again is slim to none with long-term holders owning over 71% of supply.

Current prices: $BTC $ETH $BNB $SOL all flat over 24 hours, with $BTC leading the pack. Prices are: $BTC $ETH $BNB $SOL.

Data suggests longer-term investors hold over 15M BTC, reducing the likelihood of new lows, this is a 71% stake, and it matters because it shows strong holder conviction, with over 15 million BTC held by these investors.

Support at $58,000, Resistance at $65,000.

Bullish signal, target $70,000.

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