Bitcoin long-term holders (LTHs) in India experienced a substantial increase in wealth in April as the BTC price soared to $94,900. Data from CryptoQuant indicated that the LTHs’ realized market cap surged from $345 billion to $371 billion between April 1 and April 23, resulting in a $26 billion gain. This surge in LTH realized cap highlights the resilience of long-term holders during recent market drawdowns. The correction observed in Bitcoin, a 30%+ decline between January and early April, aligns with historical market cycles, with past data from 2013, 2017, and 2021 showing such corrections following new all-time highs before the upward trend resumes. Additionally, Bitcoin’s decoupling from traditional markets amid U.S. equities pressure enhanced its investment appeal, especially as gold prices surged, reflecting investor demand for non-correlated assets. Conversely, short-term holders (STHs) returned to profit recently, with many selling at a loss during the April drawdown, a trend seen in 2024 as well where STHs often sold to LTHs during corrections. The current bullish outlook is signaled by the increase in total Bitcoin supply in profit market bands, with 16.7 million BTC in various addresses currently in profit. Analysts anticipate Bitcoin to establish a new range between $95,000 and $90,000 after its rally to $94,900, with expectations of a cooldown period. Technical analysis suggests consolidation between $94,900 and $88,750, with a breach below this range potentially leading to a further decline. This article provides insights into the recent trends in Bitcoin prices and the behavior of long-term and short-term holders in the Indian market, offering a comprehensive overview of the cryptocurrency landscape.