Between Jul. 18 and Aug. 14, an astonishing 284,740 BTC was added to the supply held by long-term Bitcoin holders, marking a notable shift in market dynamics after months of decline. Delving into the data, you'll find that the largest single-month increase aligns with a major milestone hit on Aug. 14. This trend isn't just a fleeting phenomenon; it's intricately tied to a surge in ETF holdings—suggesting that institutional confidence might be at an all-time high. But what's really driving... Discover the full analysis inside Alpha.
Bitcoin sees record growth in long-term holder supply Bitcoin sees record growth in long-term holder supply
Growth in Bitcoin ETFs could be behind record increase in long-term holder supply.
3 min read
Updated: Aug. 16, 2024 at 8:37 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
