Bernstein: BTC rebound driven by stronger long-term holder base

The recent rebound in BTC is due to a strengthening long-term holder base, driven by fund inflows into spot ETFs and sustained corporate buying, according to an analysis from Wall Street asset management firm Bernstein. Cointelegraph reported that Bernstein noted BTC's recent rally occurred despite geopolitical tensions in the Middle East. The firm also pointed to three consecutive weeks of net inflows into U.S. spot Bitcoin ETFs. Bernstein explained that as buying from ETFs and corporate treasuries expands, the market structure is gradually stabilizing, with about 60% of Bitcoin's supply now held by long-term investors who have not moved their coins in over a year.