Coinbry

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  • BTC Dominance: 49.71%
First Time Ever: Bitcoin's Long-Term Investors Now Hold More Than 76% of All BTC

First Time Ever: Bitcoin’s Long-Term Investors Now Hold More Than 76% of All BTC

BTC supply dynamics are showing that a record percentage of the available BTC supply is being held by long-term holders (LTHs), reaching over 76%. This means that there are fewer coins available for other market participants, which could lead to increased upward pressure on the price of Bitcoin. The trend of LTHs holding onto their BTC through the bear market indicates a strong belief in the long-term potential of the cryptocurrency. On the other hand, short-term hodlers (STHs) or speculators also play a significant role in the market, with their realized price serving as support. Currently, the STH realized price is just below $27,000, and breaking above this level could provide a bullish impetus. It is important to note that this article does not provide investment advice and readers should conduct their own research before making any investment decisions.

– BTC’s long-term holders (LTHs) now control over 76% of the BTC supply, the highest percentage in history.

– The increasing presence of LTHs means that there are fewer coins available for other market participants.

– LTHs have been holding onto their BTC through the bear market, indicating a strong belief in the long-term potential of Bitcoin.

– Short-term hodlers (STHs) or speculators also play a significant role in the market, with their realized price serving as support.

– The current STH realized price is just below $27,000, and breaking above this level could provide a bullish impetus.

– This article does not provide investment advice and readers should conduct their own research before making any investment decisions.

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