TechFlow News, July 13, according to Galaxy Research Head of Research Alex Thorn (@intangiblecoins) in a post, Bitcoin long-term holder related indicators have all reached all-time highs:
- Supply held for ≥10 years accounts for 17.7%
- Long-term holder holdings reach 16.75 million coins
- Long-term holder realized market cap reaches $836.4 billion
- Long-term holder average cost basis reaches $50,000
The above data indicates that a large amount of coins are firmly locked by long-term holders, refusing to sell even despite the average price reaching $50,000; the actual circulating supply in the market continues to tighten, and long-term holder behavior is building solid bottom support for the Bitcoin price.
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