Bitcoin long-term holder supply hits record 14.85 million BTC in Q1
Ark Invest said the end-of-quarter high points to rising holder conviction as more Bitcoin remains with investors who keep positions for longer periods.
BTC
Summary
Bitcoin long-term holder supply rose to an all-time high of 14.85 million BTC at the end of Q1, Ark Invest said. The milestone suggests growing conviction among investors holding Bitcoin over longer periods, a closely watched market signal because coins that remain inactive are often seen as less likely to be sold in the near term.
Terms & Concepts
- long-term holder supply: Bitcoin held by longer-duration investors.