Bitcoin's long-term holder supply approaches record high, breaking multi-year downtrend
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- Long‑term holder supply has risen to 16.3 million BTC, up from 14.12 million BTC at the October $126k peak.
- Long‑term holder supply grew by over 2 million BTC during the current bear market, with a 200 k BTC increase in the last month alone.
- U.S. spot Bitcoin ETF launch in January 2024 drove LTH supply to a record 16.4 million BTC, after which supply hovered between 14 million and 16 million BTC.
- Long‑term holders historically accumulate during bear markets, a pattern now re‑emerging as LTH supply breaks a 2.5‑year downtrend.
Why it matters: Long‑term holders benefit from buying at depressed levels, while the market may see price support as the 16.3M BTC buffer grows, potentially limiting future sell‑offs.
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