Bitcoin Holds Near $77K as Long-Term Holders Top 15M BTC

Bitcoin trades near $77,300 after repeated failures to flip the 200-day moving average near $82,000 into support. The rally from April lows around $70,000 peaked at $82,800 in early May before stalling on heavy profit-taking and roughly $1 billion in weekly spot ETF outflows. Momentum indicators have weakened sharply, shifting focus to the $74,000-$76,000 zone as critical defense. On-chain data now shows long-term holder supply exceeding 15.04 million BTC, with analysts citing this accumulation as evidence that the probability of new lows has become extremely slim.