Bitcoin Long-Term Holder Supply Reaches 16.35 Million BTC, Near All-Time High with Selling Pressure at Multi-Year Lows

Odaily News, CryptoQuant analyst Axel Adler Jr. stated that Bitcoin long-term holder (LTH) supply currently stands at 16.35 million BTC, just 58,000 BTC below the all-time high of 16.41 million BTC recorded on July 30. Over the past 90 days, LTH supply has increased by 1.38 million BTC. In the last 15 days, LTH supply has declined on only 2 days, with the frequency of declines near the lowest levels, indicating no significant selling pressure. Bitcoin is currently trading at approximately $64,200, while the LTH cost basis stands at around $49,400, corresponding to a 1.30x multiple. The asset has remained in the low-risk zone between the LTH cost basis and the 1.5x level of $74,100 for 78 consecutive days. A breakout above $74,100 would move Bitcoin into the normal risk zone, while a drop below $49,400 would push LTHs as a whole into unrealized losses.