Analysis: Long-term holders possess 14.46 million BTC, market confident in future rise
According to tracking by Glassnode, the Bitcoin supply held by long-term holders (LTH) has surged to a record 14.46 million BTC, indicating strong confidence in price increases. Currently, long-term holders account for approximately 73% of the Bitcoin circulation (19.88 million BTC), highlighting their dominance in the market. The concentration of long-term Bitcoin holdings suggests further potential for price increases.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BNB Treasury company CEA Industries appoints digital asset expert Annemarie Tierney as director
Turkmenistan passes crypto asset regulation bill, to take effect on January 1 next year
CME: BrokerTec U.S. active markets have resumed trading
CME: All markets remain suspended except for the BrokerTec EU market
Trending news
MoreCrypto prices
More
