Long-term Bitcoin holders, defined as those retaining BTC for 18–24 months, have increased their share of the supply following the approval of a spot Bitcoin ETF in January 2024. On-chain data from CryptoQuant indicates a rise in long-term retention, coinciding with enhanced institutional access and strategic portfolio adjustments.
Analyst Avocado_onchain highlighted that this trend marks a shift from passive holding to deliberate market positioning. Historically, long-term holders have contributed to price stability during bear markets. The expanding group of long-term holders suggests potential for a sustained rally as Bitcoin consolidates at higher levels.
Long-Term Bitcoin Holders Increase Post Spot ETF Approval
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