Bitcoin's long-term holder supply approaches record high, breaking multi-year downtrend

60-second summary

Bitcoin's long-term holder supply is nearing a record high, breaking a multi-year downtrend, with a surge of over 2 million coins to 16.3 million BTC during the current bear market. This increase indicates a significant accumulation of coins by long-term holders, who are likely to hold onto their assets, potentially supporting a future price recovery and stabilizing the market.