As of May 8th, the net holdings of long-term holders (LTH) have reached a staggering 14.814 million BTC, just 10,000 BTC away from breaking the previous high. Currently, it's growing at a rate of approximately 30,000 BTC every 7 days. This means that 75% of the circulating BTC supply is controlled by long-term investors, and at the current trend, it won’t take long to set a new historical record. Typically, in the latter half of a bear market, as long as LTHs don’t engage in large-scale distribution, the market can gradually stabilize and eventually reverse its trend. So, if you’re still firmly convinced that BTC will drop even further, maybe take a moment to think about what could happen in the next six months that might force LTHs into another panic sell-off. For something to have that level of impact, it would have to be a major event.