Recent data indicates that Bitcoin (BTC) is unlikely to fall below $60,000 again, as long-term holders have increased their share to 71.6% of the total supply, amounting to 15.04 million BTC. This significant accumulation among long-term holders is coupled with a bullish signal from the weekly relative strength index (RSI), which has retested the 50 level for the first time since February. Historically, such movements have preceded Bitcoin's entry into long-term expansion phases. Analyst Sykodelic noted that the current market conditions differ from the 2022 cycle, which was heavily influenced by the FTX exchange collapse and did not see a retest of the 50 RSI during recovery attempts. Furthermore, the one-year-plus holder metric indicates a return to the historically oversold accumulation zone, which has led to major price surges in previous cycles. However, caution remains among Bitcoin miners, as indicated by a slight decline in reserves at Binance, reflecting ongoing operational selling pressure. Overall, the combination of long-term holder accumulation and technical signals suggests that Bitcoin's price may stabilize in the near future.