Cory Klippsten, CEO of Swan Bitcoin, highlights that the supply of Bitcoin held by long-term holders has reached an all-time high, which could signal an early bottom for the crypto market. On-chain data shows continued accumulation by long-term hodlers, historically a bullish indicator suggesting limited downside.
Cory Klippsten, CEO of Swan Bitcoin, has pointed out that the amount of Bitcoin held by long-term holders has hit a record high, potentially indicating that the crypto market bottom may arrive earlier than expected. Analyzing on-chain metrics, Klippsten noted that addresses holding Bitcoin for over 155 days have increased their total balances to an all-time high. This accumulation pattern has historically preceded market bottoms, suggesting that selling pressure is diminishing and upward momentum could build.
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