As per NewsBTC, on-chain data shows that Bitcoin long-term holders (LTHs) with a holding period of more than six months have seen an upward reversal in their supply for the first time in months. The 6-month inactive supply, which includes tokens not transacted for at least six months, recently recorded an uptick, according to Charles Edwards of Capriole Investments. This suggests a potential shift in investor behavior, though the increase does not indicate current buying activity but rather past accumulation maturing into the LTH category. The last similar shift occurred around Bitcoin’s April lows, followed by a rally to all-time highs. BTC price briefly dipped below $84,000 on Monday but has since recovered to $87,500.
Bitcoin Long-Term Holder Supply Sees First Uptick Since April
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