The chart Above breaks down the BTC supply by on-chain cost basis, as well as by Long/Short-Term Holder cohort.

We can see that approximately 1.875M BTC (9.5% of circulating) have been acquired above $60k, with a majority designated by the Short-Term Holder cohort 🔴. This will include new spot buyers, and approximately 508k BTC now held in US Spot ETFs (excl. GBTC).