Long-term Bitcoin holders (HODLers) are currently holding close to a record high supply of approximately 14.7 million BTC, signaling robust investor conviction in the leading cryptocurrency.
Market data reveals that the recent sell-off activity among this cohort has diminished to its lowest level since June, as tracked by the HODLer Net Position Change metric.
This sustained accumulation phase indicates strong medium to long-term confidence among core Bitcoin investors. The dwindling sell pressure from these committed holders underscores a prevailing bullish sentiment regarding Bitcoin’s future prospects.
Analysts view this combination of near-record holdings and reduced distribution as a potentially supportive fundamental factor for Bitcoin’s market stability.