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 Record highs in Bitcoin’s long-term holder supply signal market confidence
Long-term holders' willingness to hold, even amidst price fluctuations, suggests a belief in the cryptocurrency's enduring value.
3 min read
Updated: Sep. 29, 2023 at 11:31 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.
