Bitcoin Clears $112,000 Wall, Eyes Return to $120,000 as Hodlers Double Down

Bitcoin (BTC) has surged past the $112,000 resistance that capped its performance for weeks, now trading at $115,104.   On-chain data highlights two key trends: a rising holder retention rate and an uptick in the estimated leverage ratio, both pointing to strong hodling sentiment. These signals suggest that long-term conviction remains intact, and if buying momentum sustains, BTC could soon attempt to reclaim the $120,000 level. Bitcoin Holder Conviction Hits 2025 High According to data from Glassnode, Bitcoin (BTC) holders continue to display conviction, with the coin’s Holder Retention Rate climbing steadily since August 6 source: https://beincrypto.com/btc-price-clears-112000-where-next/