Cory Klippsten, CEO of Swan Bitcoin, recently pointed out that the supply of Bitcoin held by long-term holders (LTHs) has climbed to a new all-time high. He believes this metric could indicate that the crypto market bottom will emerge earlier than typical cycle timing. Klippsten's view is based on analysis of on-chain data: when LTH accumulation reaches new highs, it often signals diminishing sell-side pressure and a 'HODLing' mentality, which can accelerate bottom formation.
This assessment stands out amid current low market sentiment. While short-term price volatility remains uncertain, the record LTH supply is seen as a significant signal that may offer reference for investors. Analysts should watch subsequent changes in this indicator.
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