$150B Long-term Bitcoin Holders are Sitting on a Whopping 60% of Total Supply, Is This a Bear Market Bottom?
As Bitcoin's price struggles to break above the $22,000 resistance, the data-driven story is telling a different narrative - long-term holders are holding strong, with a record 60% of total supply currently in their possession. In an interview, Swan's Cory Klippsten observed that this is a clear sign that the market may be near a bottom, given the resilience of experienced investors. With the likes of
#Squads on High Alert for a potential turnaround, the stage is set for a significant move. We anticipate a breakout above $23,500, a level that would confirm a bottom in place. Can the Bears finally capitulate in the coming weeks?