Bitcoin's long-term holder (LTH) supply has significantly increased by over 2 million BTC during the recent bear market, now standing at 16.3 million BTC and nearing an all-time high. This metric, representing coins held for over 155 days, indicates strong accumulation by conviction holders despite price volatility. The surge suggests a tightening of available supply, as these coins are less likely to be sold, potentially setting the stage for a supply shock as demand increases. Investors should monitor this trend for its implications on future price appreciation, especially post-halving.
The substantial increase in Bitcoin's long-term holder supply signals robust accumulation by conviction investors. This reduces the liquid supply available for trading, creating a potential supply squeeze that could drive significant price appreciation for Bitcoin and the broader crypto market.
This story highlights a fundamental shift in Bitcoin's market structure: strong hands are accumulating aggressively, reducing the tradable supply. This sustained accumulation during a bear market indicates deep conviction, setting the stage for a significant supply shock and upward price trajectory.
Long-term holder supply has surged by more than 2 million coins to 16.3 million BTC during the current bear market.