Bitcoin price has struggled over the past 30 days, dropping more than 6% while Ethereum gained over 16% in the same period. In the past week, BTC slid another 2% and is currently trading just below $111,000. This level is critical because the invalidation point lies around $108,600 — a breakdown there could expose Bitcoin to deeper losses. Still, on-chain signals suggest there might be a chance for a rebound, with one key group of investors flashing the strongest bullish sign in a month. Supply in Profit Nears Local Lows Again One of the important on-chain measures for Bitcoin is the percentage of supply in profit. On August 25, this percentage dropped to 88.53%, close to the three-month low of 87.02% that was recorded on June 22. The June dip in supply in profit set off a rally, with BTC rising 22% in the weeks that followed. A similar pattern also played out on August 2, when the metric fell to 91.64% from a high of 98.91%. After that drop, the Bitcoin price climbed again by almost 10% in a matter of 10 days. Bitcoin Price And Supply In Profit: Glassnode These examples show that when fewer holders are in profit, there is less incentive to sell. While the metric can sometimes also signal weakness or even panic selling, in this case, it is sitting close to levels that previously triggered strong upside moves. This is why the supply in profit metric is important to track — but it should not be read in isolation. For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Long-Term Investors Turn Net Buyers This time, the stronger signal is coming from long-term investors, often referred to as “HODLers.” Their net position change shows whether they are adding or reducing their Bitcoin holdings each month. Bitcoin Price And HODLer Position Change: Glassnode Since late July, this group has been on the sidelines or even selling, keeping the indicator mostly negative. The only brief green sign was on August 24, which coincided with a small price bounce from around $110,000 to $111,000, though it did not last as selling quickly resumed. Now, however, the metric has turned clearly positive for the first time in a month, showing an increase of 3,429 BTC. This is the strongest accumulation signal since late July. When this same group of long-term investors last shifted heavily to accumulation — around June 22 — it lined up with the same period when profit supply hit its lows, and Bitcoin rallied from $101,084 to $123,313, a 22% rise. That history makes this change significant. If these investors continue to add rather than cash out quickly, it could provide the base for another rebound. Bitcoin Price Levels and Rebound Zone to Watch At press time, the Bitcoin price trades just under $111,000. It has already broken a key support around $111,074, and the next immediate support lies at $110,50, with the deeper safety net down at $108,600. If the final level gives way, the bearish case will strengthen and invalidate any BTC price rebound calls. This could happen if the HODLer-led bullish sign fades away. Bitcoin Price Analysis: TradingView On the upside, however, the picture is different. The first rebound zone emerges around $113,400. Reclaiming and holding above that level would not just be a short bounce — it would give Bitcoin price the signal strength to aim higher again. The post Bitcoin Price Eyes Rebound After HODLers Flash Month-High Bullish Signal appeared first on BeInCrypto.