Bitcoin Long-Term Holder Supply Drops to 12.45 Million BTC, Lowest Since July 2022
The supply of Bitcoin held by long-term holders has fallen to 12.45 million BTC, marking the lowest level since July 2022. Data indicates that the reduction in holdings during this cycle is 9.8%, significantly smaller compared to the 15% reduction seen during the 2021 bull market and the 26% decline during the 2017 bull market.
This trend highlights a more cautious approach among long-term Bitcoin holders in the current market cycle.