Bitcoin's record holder supply hides a buyer drought, CryptoQuant says
Hex37's read
- Bitcoin long-term holder supply hits a record high.
- CryptoQuant suggests this indicates a lack of new buyers.
- Weakening ETF demand and bearish prediction markets support this.
- This signals potential buyer drought despite high holder conviction.
What it means for traders
- Record holder supply may precede a price correction if new buyers don't emerge.
- Monitor ETF flows and prediction markets for signs of shifting buyer sentiment.
Affected markets
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