Woofun AI reports that Bitcoin long-term holder supply has surged to a historical high of 79%, according to research firm K33. This accumulation trend coincides with Bitcoin rebounding 6% to approximately $65,000 after two weeks of declines. Vetle Lunde, K33's Head of Research, highlighted that the reactivation of BTC dormant for over two years remains unusually low in 2026, with only 218,421 BTC moved by June 6th compared to 1.18 million BTC in the same period of 2024. This disparity indicates a significant reduction in on-chain selling pressure and suggests patient holders are absorbing supply, reinforcing the view that the bear market may be concluding.

Concurrently, not all market participants share this optimism. Institutions including Wintermute, Glassnode, and Bitfinex have cautioned that insufficient ETF inflows and stablecoin growth prevent confirmation of a sustained reversal, with some analysts projecting BTC could retreat to $30,000. Looking ahead, market focus shifts to the upcoming FOMC meeting, the first under new Federal Reserve Chairman Kevin Warsh. Given Bitcoin's 30-day correlation of 0.6 with the S&P 500, any shifts in Federal Reserve communication during this sensitive macro environment could exert substantial influence on price action.