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Total supply of Bitcoin held by long term holders reaches all-time high of almost 15 million BTC

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Total supply of Bitcoin held by long term holders reaches all-time high of almost 15 million BTC

So basically the biggest cryptocurrency analysis data company glassnode tracks the total circulating supply amount of Bitcoin held by long term holders. Their long term (and also short term) holder supply is defined using holder's average purchasing date and counts long term holders as the ones who have held onto their Bitcoin for more than 155 days. Number of long term holders keeps steadily increasing, and almost 15 million BTC right now is held by long term holders.

Glassnode data chart

Of course part of this chart does also include addresses that are kind of forced to being labeled as long term holders by Glassnode, since those are addresses with permanently lost Bitcoins (users that lost their keys, died etc...), but it is still a good signal how most people do not plan to sell their Bitcoin at these prices and are prepared to hold for a longer time which is a bullish sign and sign that most holders value their Bitcoin at higher price than the current one.

submitted by /u/mbdtf95
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