79% of Bitcoin's Supply Is Now Locked Up by Long-Term Holders — Here's Why Analysts Think the Bear Market Is Running Out of Steam
(107 days ago) · 1 source · Summarized by CryptoBipto
On-chain data reveals that 79% of Bitcoin's total supply is now held by long-term holders — those who haven't moved their coins in at least 155 days. This historically high concentration suggests that selling pressure may be drying up, with at least one analyst arguing the current bear market is approaching exhaustion.
WHY IT MATTERS
Think of Bitcoin's supply like concert tickets. If 79% of all tickets are held by superfans who refuse to resell no matter what, there are very few tickets left for everyone else. That scarcity means that when new buyers show up, prices can rise quickly because there just isn't much available. 'Long-term holders' are people who bought Bitcoin and haven't sold or moved it in over five months — they're essentially signaling they believe in Bitcoin's future and aren't panicking. Historically, when this group controls this much of the supply, it's been a sign that the worst of a price downturn is nearly over, because almost everyone willing to sell already has.
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