High-conviction Bitcoin buyers have sharply increased accumulation since January, lifting their share of total supply above levels seen in the 2022 accumulation phase to about 25%, Glassnode data show. Cointelegraph cited the on-chain analytics firm’s figures on August 21, noting a steep climb this year in supply acquired by so-called Conviction Buyers. Bitcoin was trading at $75,516 as of 3:37 p.m., up 8.4% from a day earlier, according to CoinMarketCap. Long-term holders are typically defined as addresses that have not moved coins for at least 155 days. A larger share of supply in firm hands can reduce available trading float and near-term selling pressure, though it does not guarantee higher prices amid shifting sentiment, regulation and macro conditions.