Quick Take

Recent data analysis reveals an all-time high in Bitcoin’s long-term holder supply, defined as Bitcoin held for more than 155 days, reaching 14.654 million. Conversely, the short-term holder supply, considering Bitcoin holdings of less than 155 days, has plummeted to an all-time low of 2.561 million if we exclude the year 2011. This presents an unprecedented divergence in Bitcoin’s supply dynamics.

The widening gap could be indicative of a stronger conviction in Bitcoin’s long-term potential among investors, leading to increased holding periods. On the flip side, it may also suggest a diminishing interest among short-term speculators, possibly due to market volatility or shifting investment trends. Regardless, this divergence presents an intriguing dynamic in the Bitcoin …