- Bitcoin demand remains weak as capital shifts toward equities, AI and commodities amid record dormant supply.
- More than 14,000 BTC entered dormant supply in 30 days, pushing 10-year inactive holdings to 3.56 million BTC.
- BTC momentum is improving near $63,500, with $64,000 resistance and $63,000 support shaping the next move.
Bitcoin is facing weaker demand from a broader market rotation, while dormant holdings reach a record 3.56 million BTC. Glassnode said consumer confidence recently hit an all-time low as stocks reached new highs, while capital moved into equities, AI and commodities. Meanwhile, analyst Darkfost said more Bitcoin continues entering the dormant supply.
Glassnode Tracks Bitcoin’s Market Rotation
According to Glassnode, Bitcoin has been significantly neglected during the latest allocation shift. The firm said money has moved from cash toward equities, AI and commodities. However, Bitcoin’s short-term price action shows buyers returning near lower levels.
BTC trades at $63,579.40, up $182.85, or 0.29%, on the latest four-hour candle. The price recently fell from the $65,000-$65,200 area toward $62,800-$63,000. Buyers have since pushed BTC back above $63,500.
The immediate support sits near $63,000, while stronger support remains around $62,000-$62,500. On the upside, $64,000 is the first resistance zone.
Dormant Bitcoin Supply Reaches a Record
Darkfost reported that Bitcoin supply untouched for more than 10 years reached 3.56 million BTC. That amount represents about 17.7% of circulating Bitcoin supply. Notably, more than 14,000 BTC entered this dormant supply during the past 30 days.
Darkfost said the measure can change when previously untouched coins become active. A rare example occurred in July 2025, when some long-dormant Bitcoin returned to circulation. However, the overall dormant supply has continued increasing.
The data therefore tracks Bitcoin that has remained unmoved for more than a decade. Darkfost described this group as supply that can be considered lost.
BTC Momentum Improves Near $63,500
Bitcoin’s momentum indicators have also strengthened during the recent recovery. The RSI stands at 57.69, while its moving average remains at 42.69. Meanwhile, the MACD line is near -94.56 against a signal line at -183.01.
The resulting histogram reads 88.45, showing improving short-term momentum. A sustained move above $64,000 would place $65,000-$65,200 next. Above $65,200, the next level identified in the analysis is $66,000.
Conversely, rejection between $64,000 and $65,000 could bring $63,000 back into focus. A break below that level would expose the $62,000 area.
