Bitcoin's record holder supply hides a buyer drought, CryptoQuant says
Bitcoin's long-term holder supply has reached a record high, indicating a lack of new buyers in the market. CryptoQuant suggests that this trend reflects weak market turnover rather than strong investor conviction. As whale and institutional balances stagnate, fewer coins are changing hands, leading to a thinner market.
- ▪Bitcoin is currently trading around $73,500, about 10% below its recent highs.
- ▪CryptoQuant reports a record 15.8 million BTC classified as long-term holder supply, indicating a slowdown in market activity.
- ▪Short-term holder supply has dropped by approximately 2.2 million BTC since December, suggesting coins are not moving as frequently.
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MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitcoin's record holder supply hides a buyer drought, CryptoQuant saysA record high in long-term holder supply typically signals conviction. CryptoQuant says it reflects a shortage of new buyers, a view echoed by weakening ETF demand and bearish prediction market odds.By Sam Reynolds|Edited by Shaurya Malwa May 29, 2026, 4:23 a.m. 3 min readMake preferred on What to know: Bitcoin is trading around $73,500, roughly 10% below its recent highs, as on-chain data shows record long-term holder supply that may signal weak market turnover rather than strong conviction.CryptoQuant finds that short-term holder supply has dropped by about 2.2 million BTC since December and that more coins are simply sitting idle, with whale…
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