Glassnode Analysis Reveals 11.9% of Bitcoin Supply Held by Long-Term Holders

A recent analysis from Glassnode highlights the impact of long-term Bitcoin holders, revealing a significant surge in their influence on the market. The study indicates that a cohort holding for three to five years now controls over 11.9% of the circulating BTC supply. This figure is significantly higher than previous lows and suggests their accumulation during previous market phases has been substantial.