Scan to download
BTC $62,439.00 -3.30%
ETH $1,656.42 -4.76%
BNB $573.10 -3.63%
XRP $1.09 -3.41%
SOL $68.67 -5.75%
TRX $0.3299 -0.63%
DOGE $0.0786 -5.59%
ADA $0.1502 -5.51%
BCH $190.01 -4.47%
LINK $7.58 -4.88%
HYPE $62.02 -8.16%
AAVE $71.87 -4.62%
SUI $0.6995 -2.90%
XLM $0.1932 -6.45%
ZEC $413.46 -8.59%
BTC $62,439.00 -3.30%
ETH $1,656.42 -4.76%
BNB $573.10 -3.63%
XRP $1.09 -3.41%
SOL $68.67 -5.75%
TRX $0.3299 -0.63%
DOGE $0.0786 -5.59%
ADA $0.1502 -5.51%
BCH $190.01 -4.47%
LINK $7.58 -4.88%
HYPE $62.02 -8.16%
AAVE $71.87 -4.62%
SUI $0.6995 -2.90%
XLM $0.1932 -6.45%
ZEC $413.46 -8.59%

holder

All
Article
Flash

Analysis: The net holdings of long-term BTC holders have reached a new historical high, indicating that the bottom of the bear market may not be far away

On-chain analyst Murphy stated that the net holdings of long-term holders (LTH) have reached a new historical high. As of June 17, the net holding amount of LTH reached 14.96 million BTC, an increase of 20,000 BTC compared to the peak formed on March 27. This is also the second time that LTH net holdings have reached a new high since BTC entered the bear market. More and more BTC are unwilling to participate in short-term speculation and turnover, with 75% of the total circulating supply held by LTH.He believes that historically, the bottom of each bear market usually appears after the net holdings of LTH begin to rise, meaning that there is first a "holding recovery," followed by a "bottom formation." In the last cycle, LTH net holdings experienced three new highs, corresponding to three strong distributions, which occurred during the periods of the Federal Reserve releasing interest rate hike expectations, the Luna crash, and the FTX collapse. This cycle has currently reached a new high for the second time. He believes that the key is not how many times a new high is reached, but whether the scale of previous LTH distributions shows a clear downward trend. If this distribution scale is lower than the last time, it indicates that selling pressure is gradually exhausting, and the true bottom of the bear market may have already formed or is not far off.

Analyst: During the Bitcoin downturn, strong hands continue to accumulate, and large holders' positions reach a historical high

CryptoQuant analyst Darkfost stated on the X platform that during this round of pullback, large investors holding more than 1 Bitcoin are taking advantage of the price drop to continue accumulating, with their total BTC holdings rising to a historical high of over 16.8 million, indicating that long-term allocation demand is still increasing and further reflecting the institutionalization trend of Bitcoin assets.Data shows that the holdings of these investors continue to rise, suggesting that market participants are more inclined to allocate assets from a long-term perspective rather than engage in short-term trading. At the retail level, analysis indicates that there are also signs of re-accumulation, but overall, it remains relatively cautious. Currently, retail holdings are approximately 17 million BTC, still below the historical high reached in December 2023. Some retail investors have chosen to take profits during the previous price increase, and some funds may be adjusting their exposure through more convenient channels such as ETFs.The analysis believes that although there are differences in the behavioral rhythms of different investor groups, the overall market is gradually forming a consensus that the current stage is more inclined towards a long-term allocation window, and the trend of funds re-entering the accumulation phase is strengthening.
app_icon
ChainCatcher Building the Web3 world with innovations.