🔥 Gate Post Ambassador Exclusive Posting Reward Task Round 4 Is Live!
Not yet a Gate Post Ambassador? Apply now 👉 https://www.gate.com/questionnaire/4937
Join the Ambassador Task and post daily from June 9 to June 15, get your posts rated, and share a $300 prize pool based on your ratings!
🎁 Reward Details:
S-Level Weekly Ranking Reward
Post every day for 7 days with an overall quality score above 90 to qualify for S-Level.
2 outstanding ambassadors will each receive a $50 trading fee rebate voucher.
A/B-Level Tiered Rewards
Based on the number of posts and their quality, ambassadors will
Growing Stacks of Bitcoin Long-Term Holders Signals Bullish Outlook
Long-term holder (LTH) bitcoin supply, as tracked by Glassnode, has surged to a record 14.46 million BTC, signaling confidence that price gains are in store.
LTHs, defined as investors holding bitcoin BTC for at least 155 days, are often seen as "smart money," strategically buying during price dips and selling during bull market peaks. This all-time high in LTH supply suggests that seasoned investors anticipate higher prices, a pattern historically associated with significant price rallies.
From March to June, LTH supply increased by approximately 500,000 BTC, while short-term holders (STHs) sold around 350,000 BTC
Many investors now classified as LTH entered the market amid the euphoria of January's Trump inauguration and $109,000 record. Five months later, having endured a 30% correction and now the bounce back to a record, these LTH's are demonstrating resilience.
LTHs currently represent about 73% of bitcoin’s circulating supply of 19.88 million BTC, underscoring their dominance in the market. This concentration of bitcoin in long-term hands, suggests potential for further price upside.
View Comments