Analysis: Long-term holders possess 14.46 million BTC, market confident in future rise
According to tracking by Glassnode, the Bitcoin supply held by long-term holders (LTH) has surged to a record 14.46 million BTC, indicating strong confidence in price increases. Currently, long-term holders account for approximately 73% of the Bitcoin circulation (19.88 million BTC), highlighting their dominance in the market. The concentration of long-term Bitcoin holdings suggests further potential for price increases.
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