Bitcoin ‘smart money’ stacks: long-term holder supply nears record 16.3M BTC

Long-term Bitcoin holders have increased their holdings to approximately 16.3 million BTC, approaching all-time highs and marking a reversal of a two-and-a-half-year downtrend in the supply of so-called 'smart money.' This trend indicates a growing confidence among long-term investors in the cryptocurrency market.

The rise in long-term holder supply suggests a potential stabilization in Bitcoin's market dynamics, as increased accumulation by these investors may lead to reduced volatility and a stronger foundation for future price movements in the cryptocurrency space.