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...
Record highs in Bitcoin’s long-term holder supply signal market confidence
09/29/2023 20:00
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 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.
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Cover art/illustration via CryptoSlate