🚀 **Bitcoin Long-Term Holders Hit $10 Billion Milestone!** 🚀
Bitcoin enthusiasts, rejoice! The realized capitalization of Bitcoin long-term holders (LTH) has soared past the $10 billion mark for the first time ever! This milestone underscores the growing confidence among investors who hold onto their BTC for over 155 days, showcasing their belief in Bitcoin’s long-term potential. 📈
According to CryptoQuant's Amr Taha, this surge signifies a maturing market, with more capital being held by steadfast believers in Bitcoin's enduring value. Analyst Alex Adler also noted a significant reduction in selling pressure from LTH, indicating increased confidence in BTC's trajectory. 🌟
While the market has been in a structural downtrend, on-chain data and perpetual futures markets show signs of stabilization. Glassnode's analysis suggests that this calm phase might be the precursor to heightened volatility. So, buckle up, Bitcoiners! 🚀