Record highs in Bitcoin’s long-term holder supply signal market confidence

09/29/2023 20:00
Record highs in Bitcoin’s long-term holder supply signal market confidence

Bitcoin supply held by long-term holders reached an all-time high of 14.83 million BTC and now represents 76.09% of circulating supply.

Record highs in Bitcoin’s long-term holder supply signal market confidence Record highs in Bitcoin’s long-term holder supply signal market confidence 19 seconds ago · 3 min read

Long-term holders' willingness to hold, even amidst price fluctuations, suggests a belief in the cryptocurrency's enduring value.

3 min read

Updated: September 29, 2023 at 11:31 am

Record highs in Bitcoin’s long-term holder supply signal market confidence

Cover art/illustration via CryptoSlate

Amid Bitcoin's recent price volatility, a fascinating trend has emerged. Despite the market uncertainty, long-term holders - those who've kept their Bitcoin for over 155 days - are showing unshakeable confidence. The Bitcoin supply they hold has surged to a record high, with the total supply now standing at 14.83 million BTC. This trend is reminiscent of August 2015, when a similar surge was observed... But what does this mean for Bitcoin's future? And how does this unprecedented holding pattern influence the market's liquidity and price volatility? Uncover the full insights...

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