Bitcoin's long-term holder ratio has reached a new peak, suggesting a potential end to the current bear market, according to K33's latest report. The cryptocurrency rebounded by approximately 6% last week, following two weeks of sharp declines, and is currently trading near $65,000. The report highlights that as of June 6, only 218,400 bitcoins that had been dormant for over two years were reactivated in 2026. This figure is significantly lower compared to similar periods over the past two years, indicating weak on-chain selling pressure and potentially signaling a shift in market sentiment.