Bitcoin long-term holders, Secured over 80% of the supply…Signal of a record rise?

Analysis shows that investors who have held Bitcoin for more than 155 days account for 80% of the total supply. Cryptocurrency specialist media Cointelegraph noted that such figures were signals of two past bull markets. In Bitcoin's 15-year history, the share of long-term holders has exceeded 80% only twice, and at each point, BTC had risen by up to 84% respectively.

As the current market structure shows a similar trend to the past, there is growing anticipation that another bull market is approaching. As long-term holders do not sell coins and keep them fixed in their wallets, the circulation decreases, and thus the price rebound can be strengthened.

According to past data, right after the ratio of long-term holders increased, the short-term selling pressure decreased, market sentiment recovered, and a bull rally followed. Whether the same scenario can repeat this time is drawing the attention of investors.