Bitcoin Long-Term Holder Supply Reaches Record High Amid Volatility
A record amount of Bitcoin is now held by long-term holders, reaching a new high of 16.83 million BTC. This figure represents coins that have remained unmoved for at least 155 days and are generally considered less likely to be sold during market fluctuations.
The increase in long-term holder supply suggests that more Bitcoin is being retained rather than returned to the liquid market, which could reduce the amount of supply available for sale. However, this metric does not necessarily mean new demand has arrived.
Bitcoin's current price is around $65,400, up approximately 1% on the daily candle. The move follows another rejection near $67,270, where the 0.236 Fibonacci retracement continues to block the recovery.
A sustained move above $67,270 would show that the tighter market is beginning to meet stronger demand, while continued rejection could leave Bitcoin vulnerable to another test of nearby support.