Tech

Long-term holder supply hits an all-time high

05/19/2023
Bitcoin Ethereum News

Quick Take

  • The total amount of circulating supply held by long-term holders.  Long and Short-Term Holder supply is defined with respect to the entity’s average purchasing date with weights given by a logistic function centered at an age of 155 days and a transition width of 10 days.
  • Long-term holder supply has hit an all-time high of 14.463M.
  • An increase of 300k coins from April 12 was 155 days after the FTX collapse.
  • Short-term holder supply has dropped by the same amount of 300K coins.
  • LTHs at the bottom of the cycle showed unwavering conviction during the FTX collapse.
Supply: (Source: Glassnode)
Supply: (Source: Glassnode)

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