Bullish Bitcoin: 359,000 BTC Turns Long-Term As Market Swallows New Supply
The Bitcoin (BTC) market was highly bullish in the last week, with prices leaping by over 10%. Amidst this positive development, there has been notable investor activity, which points to an unyielding demand that could support a sustained price uptrend. Related Reading: Resurgence Of Ancient Bitcoin: Dormant BTC Movements Double In 2025 BTC Supply Shake-Up: […]
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On-chain data shows the Ethereum long-term holders have recently been increasing their total share of the cryptocurrency’s supply. Ethereum HODLers Currently Carry The Majority Of ETH Supply According to data shared by the market intelligence platform IntoTheBlock in a post on X, the Ethereum long-term holder supply has been on the rise recently. The “long-term […]
On-chain data shows that Bitcoin long-term holders now own 76.2% of the entire supply, a new all-time high for the cryptocurrency. 76.2% Of Bitcoin Supply Now Locked In Diamond Hand Holdings In a new post on X, Capriole Investments founder Charles Edwards talked about the trend in the supply of BTC long-term holders. The “long-term […]
Data shows the Bitcoin long-term holder supply has mostly moved sideways since the high in October of last year. Bitcoin Long-Term Holder Supply Has Stagnated As Sell-Side Balances Buy-Side As per the latest weekly report from Glassnode, the BTC long-term holder accumulation seems to have stopped following the October high. The “long-term holder” (or LTH in short) supply is the part of the total Bitcoin supply that hasn’t observed any movements since at least 155 days ago. When the value of this indicator goes up, it means more coins are maturing beyond the threshold.....
In the past few days, we advised traders to consider taking profits ~$344. It turns out that the magic number was a few dollars shy of that figure ($338). We also suggested that when the next pullback occurred we could possibly get a test of the long term support line. As I am writing these words, price has touched that support line. For now at least, that support is holding. See the 3-day chart below. As long as we do not get a close below that support line I will remain medium-term bullish. I continue to expect that the market will rise as soon as the price passes through the 2nd arc....
On-chain data shows that long-term Bitcoin holders have seen their supply increase recently despite the FUD going around the market. Bitcoin HODLer Balance Has Registered An Increase Recently According to data from the market intelligence platform IntoTheBlock, the long-term holder supply has expanded recently. IntoTheBlock defines “long-term holders” (LTHs) or HODLers as those investors who […]