Chance of new Bitcoin lows ‘extremely slim’ as long-term holders’ supply tops 15M BTC
Hex37's read
- Long-term holders now control over 15 million BTC, representing 71% of total supply.
- Analysts suggest the probability of Bitcoin falling below $60,000 is extremely low.
What it means for traders
- High accumulation by long-term holders indicates strong support levels and reduced sell-side pressure.
- The supply squeeze suggests a bullish outlook, favoring accumulation strategies over short-term hedging.
Affected markets
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