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

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

with insights from Glassnode

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

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

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

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...