TL;DR
- Scarcity on the Rise: Bitcoin’s illiquid supply has hit record highs, and transaction fees have doubled, pointing to a tightening market with fewer coins available for trading.
- Long-Term Holding Trend: Strong investor conviction is keeping BTC off the market, reducing available supply and potentially setting the stage for upward price pressure.
- Bullish Expert Sentiment: Influential voices like Samson Mow are declaring the start of an “ATH season,” fueling optimism that BTC may be poised to reach new all-time highs.
BTC’s market dynamics signal a potential turning point. Recent on-chain data reveals that Bitcoin’s illiquid supply has hit record highs, while transaction fees have doubled and market dominance has climbed steadily. These indicators suggest a growing trend of long-term accumulation and scarcity that could prime the market for another historic rally.
Illiquid Supply and Rising Fees: Signs of a Tight Market
In the last month, the amount of Bitcoin that is not being traded has reached new highs. This shows that many investors are keeping their Bitcoin because they believe it will be valuable in the future. As more people hold onto their coins, there is less Bitcoin available for trading.
In parallel, rising transaction fees point to increased network usage and demand. The combination of these factors reveals a market in which scarcity is becoming a central theme. With fewer coins available and a high level of investor commitment, the stage is set for a scenario where upward price pressure could intensify dramatically if demand continues its upward trend.
Expert Optimism: Samson Mow Leads the ATH Conversation
Adding fuel to the bullish narrative, respected Bitcoin advocate Samson Mow has declared that the cryptocurrency has officially entered an “ATH season.” Mow’s comments, delivered with characteristic conviction, underscore a belief that Bitcoin is on the cusp of setting a new all-time high.
Feels like ATH season.
— Samson Mow (@Excellion) May 19, 2025
His optimism is echoed by several other market experts who have recently forecasted substantial upward moves, bolstering investor confidence. As institutional players and seasoned retail investors continue to inject capital into Bitcoin, the implications of limited supply and surging demand become even more pronounced.
In this environment, every uptick in demand could trigger a rapid price escalation, potentially pushing Bitcoin well beyond its previous peaks. All these signals point to a market teetering on the edge of a major rally. At the time of writing, BTC is trading at around $102,700, dropping 1%.
With increasing scarcity, rising network activity, and bullish endorsements from key figures in the crypto community, many believe that Bitcoin could be primed for another historic ascent. Whether these trends will translate into a sustained price breakthrough remains to be seen.
