Bitcoin's long-term holder supply approaches record high, breaking multi-year downtrend

Long-term holder supply has surged by more than 2 million coins to 16.3 million BTC during the current bear market. What to know : Long-term holder supply has increased by more than 2 million BTC during the current bear market, including a 200,000 BTC rise in the past month alone. This is typical behavior — long-term holders tends to buy into price weakness and sell into price strength.