ChainCatcher reports that crypto research firm K33 has noted that the supply of Bitcoin held by long-term holders has reached an all-time high, suggesting the bear market may be nearing its end. K33 states that reactivation activity of old coins in 2026 has been markedly subdued, with only 218,421 Bitcoin reactivated as of June 6, indicating a significant reduction in on-chain selling pressure; in comparison, 1,180,000 Bitcoin were reactivated during the same period in 2024. K33 believes the decline in old coin activity reflects reduced willingness among long-term holders to sell, as patient participants continue to absorb supply.
K33: Long-term Bitcoin holders reach all-time high supply; bear market may be nearing its end
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Summary
Bitcoin analysis from K33 shows that long-term holders now control a record amount of Bitcoin supply, signaling that the bear market may be coming to an end. The reactivation of old Bitcoin in 2026 has slowed, with only 218,421 BTC reactivated by June 6, compared to 1.18 million BTC during the same period in 2024. K33’s Bitcoin news suggests this decline reflects reduced selling pressure and ongoing supply absorption by patient market participants.
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