A record high in long-term holder supply typically signals conviction. CryptoQuant says it reflects a shortage of new buyers, a view echoed by weakening ETF demand and bearish prediction market odds. Bitcoin is trading around $73,500, roughly 10% below its recent highs, as on-chain data shows record long-term holder supply that may signal weak market turnover rather than strong conviction. CryptoQuant finds that short-term holder supply has dropped by about 2.2 million BTC since December and th…
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