TechFlow news, June 24 — According to the latest report from on-chain data analytics platform Glassnode, Bitcoin's Long-Term Holder Spend Binary indicator has dropped to its lowest level since June 10. Currently, the supply held by long-term holders is near an all-time high of approximately 14.7 million BTC. The analysis suggests that despite recent market volatility, seasoned investors continue to demonstrate strong confidence in holding their assets and are reluctant to sell. This holding behavior reduces circulating supply, and if demand rises, could create natural supply scarcity, potentially paving the way for a price increase in Bitcoin.
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