Bitcoin long-term holders are reaching rarely seen levels. What does this mean for the bull run?

Bitcoin HODL Run: Long-Term Holders Double Down!

Bitcoin's long-term holders (LTHs) ain't playing around! Despite some volatility, these seasoned investors are HODLing like never before, signaling major conviction in BTC's future. Let's dive into what's fueling this behavior and what it means for the market.

Long-Term Holders: A Force to Be Reckoned With

New data shows Bitcoin's long-term holders are serious about their commitment. They're holding coins for at least six months without selling, and their numbers are growing. In fact, LTH supply has reached near all-time highs, standing at approximately 14.7 million BTC.

Record Accumulation

Over the past 30 days, Bitcoin long-term holder supply has increased by a record 800,000 coins. To put that into perspective, a 750,000 BTC increase has only happened six times in Bitcoin’s history. This level of accumulation is a powerful signal that shouldn't be ignored.

Weak Hands to Big Money

While long-term holders are accumulating, smaller retail investors are selling. Data suggests that Bitcoin is moving from retail investors to larger holders, signaling a shift in investor sentiment. Institutions are absorbing about seven times more BTC than retail investors are selling.

What It Means for the Bull Run

The fact that retail interest hasn't fully kicked in yet suggests that this bull run may have more room to grow. Plus, with short-term holder cost basis approaching $100,000, there's a solid support level in place.

Potential Supply Squeeze

With institutions buying and the post-halving issuance of BTC hovering around 450 BTC a day, there's a possibility of a true "supply squeeze." This, combined with strong buying pressure, could send Bitcoin even higher.

My Take: HODL On!

I think the behavior of long-term holders is a testament to Bitcoin's staying power. They've seen the ups and downs, and they're still holding strong. This conviction is a bullish sign for the future.

So, what's the takeaway? Bitcoin's long-term holders are not selling. This means we might just be getting started. Buckle up, because it looks like this HODL run is far from over!