Cory Klippsten, CEO of Swan Bitcoin, noted that the amount of Bitcoin held by long-term holders (LTH) has reached an all-time high, a development that could signal an earlier-than-expected market bottom. According to Klippsten, the accumulation behavior of long-term holders is a key sentiment indicator; when a significant amount of BTC moves into LTH wallets, it typically suggests reduced selling pressure and the formation of a bottom range. Despite ongoing macroeconomic uncertainties, on-chain data reveals signs of supply scarcity, which may pave the way for a subsequent rebound.
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