The milestone points to a growing share of BTC remaining in the hands of investors who historically hold through market cycles, based on CoinGlass data.
Bitcoin long-term holder supply has reached a new all-time high, according to CoinGlass data. The metric tracks the amount of BTC held by investors with a longer time horizon, and a record reading typically signals that more coins are being kept off the market rather than actively traded. In market terms, that can indicate stronger conviction among holders and a tighter liquid supply, a dynamic traders often watch for its potential effect on price behavior during periods of rising demand.