Glassnode's on-chain weekly report released on October 24 showed that the total holdings of Bitcoin long-term holders (i.e. wallet addresses that have held Bitcoin for at least 155 days) reached 14.899 million BTC last week, setting a new record high. The indicator hit 14.859 million two weeks ago, which means that long-term Bitcoin holders have increased their holdings by about 40,000 BTC in the past two weeks.

Additionally, open interest in call options increased by $4.3 billion (or 80%) to over $9.7 billion, indicating that traders and investors continue to use the options market as a preferred vehicle for long exposure.