Analysis: BTC long-term holders show patience with the market, perhaps waiting for higher prices

Odaily News Despite the recent sell-off in the crypto market, Bitcoin's long-term supply remains strong, which may suggest that prices will continue to rise. Currently, about 45% of the supply has not been circulated for at least three years, the same as in February 2024. Since May 2024, the five-year unused supply has stabilized at 30%. Analysts believe that despite the selling of long-term holders (as they usually do when prices rise), the data shows that this group has not significantly changed its overall trading behavior in more than a year, which means that many are waiting for higher prices before taking further action. (CoinDesk)