Recent analysis has shown that long-term holders (LTH) control over 80% of total Bitcoin supply. This situation may suggest upcoming price movements.
Control of Long-term Holders over Bitcoin
Long-term holders of Bitcoin were net sellers during late 2023 and early 2024 as prices climbed from $68,000 to above $110,000. Currently, more than 80% of Bitcoin is held by these holders, a level seen only twice in the cryptocurrency's 15-year history.
Analysis of Current Market Conditions
With the current price at $108,172, Bitcoin has seen a slight decline of 0.86%, but remains above the key support level of $108,000. A symmetrical triangle pattern is forming on the daily chart, often indicating a significant breakout.
Attention to New U.S. Crypto Initiatives
On July 7, 2025, the SEC acknowledged a proposed rule change to list the Truth Social Bitcoin and Ethereum ETF. In addition, the White House is expected to release a new cryptocurrency policy initiative that may recommend a strategic Bitcoin reserve.
Considering the control of long-term holders and potential new initiatives from the U.S. government, the cryptocurrency market may be poised for significant changes and movements in the near future.
