Long-Term Holder Supply Caps Bitcoin's Price Growth

Bitcoin's recent gains have begun to unwind as long-term holders continue to maintain their supply, keeping the cryptocurrency out of reach for some investors.

According to a report from BitRss, the growing supply of Bitcoin held by long-term holders has limited the potential for a significant price increase, with the current market value of $85,000 appearing unattainable at present.

The data suggests that these long-term holders have been accumulating BTC over time, reducing the available supply and contributing to the cryptocurrency's increasing scarcity. This trend is likely to continue in the near future, further limiting price growth.