Long-Term Holders Steadily Increase Their BTC Holdings

CoinDesk reported that Bitcoin's 'strongest hands' are back on-chain data show. The term refers to long-term holders who have not sold their coins in months or even years.

According to data from On-Chain Analytics, these investors have been steadily increasing their holdings since the summer of 2023. In fact, they now hold more than 70% of all Bitcoin in circulation.

This trend suggests that many long-term holders are not selling, and some may even be buying more coins. This is a positive sign for Bitcoin's price, as it indicates that there is strong demand for the asset.