Chance of new Bitcoin lows ‘extremely slim’ as long-term holders’ supply tops 15M BTC
60-second summary
Long-term holders now hold more than 71% of Bitcoin's total supply, exceeding 15 million BTC. Data suggest the chance of Bitcoin dropping below $60,000 is extremely slim. This shift indicates a reduced likelihood of significant price declines, as long-term investors' supply is now a substantial barrier to downward market pressure, stabilizing the asset.
Data suggest Bitcoin’s chance of dropping below $60,000 again is slim to none, thanks to longer-term investors holding more than 71% of the asset’s total supply.