Supply: LTHs hit 15M record as whales and miners distribute
Key Questions
What record has long-term holder supply reached?
Long-term holder supply has topped 15 million BTC, approaching all-time highs and breaking prior downtrends.
How are Bitcoin whales positioned according to CryptoQuant?
Whales are active in the $77,000-$81,000 range, buying dips and selling strength while shifting from accumulation to distribution.
What miner activity is contributing to supply pressure?
Miners including MARA and Riot have confirmed selling, with ongoing 9.6k BTC inflows to exchanges.
What do exchange reserves indicate about market conditions?
Exchange reserves have hit monthly highs, reflecting increased selling or distribution activity.
Does the high LTH supply reduce downside risk?
Analysts suggest the chance of new lows is extremely slim given the record long-term holder accumulation.
What volume of Bitcoin recently moved to exchanges?
Nearly 10,000 BTC flowed into exchanges in a recent wave, adding to supply-side pressure.
How does realized loss data factor into the supply picture?
Realized losses have jumped to $600 million, coinciding with weakening accumulation trends.
What is the status of this supply highlight?
The highlight is classified as climaxing with record LTH holdings offset by whale and miner distribution.
LTH supply tops 15M BTC; whales playing $77-81k range buying dips/selling strength per CryptoQuant. Ongoing 9.6k BTC inflows, MARA/Riot selling confirmed; exchange reserves hit monthly highs.