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Bitcoin's long-term holder supply approaches record high, breaking multi-year downtrend
Key takeaways
- Currently, 16.3 million BTC is held by this cohort, defined as investors who have held bitcoin for at least 155 days.
- LTH supply has increased from 14.12 million BTC around the time of bitcoin's record high above $126,000 in October, to the current 16.3 million BTC.
- The only other time LTH supply was higher was in January 2024, when it reached 16.4 million BTC ahead of the U.S. spot bitcoin ETF launch, one of the most anticipated events in bitcoin’s history.
Currently, 16.3 million BTC is held by this cohort, defined as investors who have held bitcoin for at least 155 days.
LTH supply has increased from 14.12 million BTC around the time of bitcoin's record high above $126,000 in October, to the current 16.3 million BTC. In the past month alone, LTH supply has risen by roughly 200,000 BTC.
The only other time LTH supply was higher was in January 2024, when it reached 16.4 million BTC ahead of the U.S. spot bitcoin ETF launch, one of the most anticipated events in bitcoin’s history. In the months that followed, nearly 2 million BTC was distributed by this cohort as bitcoin rallied.
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