Galaxy Digital Head of Research: Multiple Bitcoin Long-Term Holder Metrics Hit All-Time Highs
According to a post by Alex Thorn (@intangiblecoins), Head of Research at Galaxy Research, metrics related to Bitcoin long-term holders have all reached all-time highs:
Supply held for ≥10 years accounts for 17.7%
Long-term holder holdings reach 16.75 million coins
Long-term holder Realized Market Cap reaches $836.4 billion
Long-term holder average cost basis reaches $50,000
The above data indicates that a large amount of holdings are firmly locked by long-term holders; even though the average price has reached $50,000, they refuse to sell. The market's actual circulating supply continues to tighten, and long-term holder behavior is building solid bottom support for Bitcoin prices.
