Bitcoin's long-term holder supply approaches record high, breaking multi-year downtrend
CoinDesk
Bitcoin's long-term holder supply is nearing record levels, signaling a shift toward accumulation following a multi-year downtrend.Summary
Bitcoin's long-term holder (LTH) supply has reached 16.3 million BTC, nearing the record high of 16.4 million observed in January 2024. This cohort, defined as investors who hold assets for at least 155 days, has added approximately 200,000 BTC in the last month alone. The recent breakout from a 2.5-year downtrend suggests that sophisticated investors are currently accumulating Bitcoin during period of price weakness, rather than distributing their holdings as they did following the U.S. spot Bitcoin ETF launch.
(Source：CoinDesk)