Analysis: Long-term holders hold 14.46 million BTC, and the market is confident of future gains

Odaily News According to Glassnode's tracking, the supply of Bitcoin held by long-term holders (LTH) has soared to a record 14.46 million BTC, indicating that people are confident in price increases. Long-term holders currently account for about 73% of the circulating supply of Bitcoin (19.88 million BTC), highlighting their dominance in the market. The concentration of long-term Bitcoin holdings indicates that its price has the potential to rise further.