Bitcoin HODLing: Data Shows Long-Term Holder Supply Again Rising
Summary
Long-term Bitcoin holders (LTHs), defined as those holding coins for over 155 days, have increased their supply dominance, rising above 80% after a previous low of 78%. This shift indicates a growing conviction among LTHs to HODL despite market fluctuations. Short-term holders (STHs) now represent less than 20% of the supply. The increase in LTH supply does not reflect new buying but rather the transition of STHs to LTH status after holding for the required period. LTHs have historically shown resilience during market changes, although they participated in selloffs during price rallies. Bitcoin's price has recently retraced to $61,800.
