CryptoQuant: The supply of long-term Bitcoin holders has turned positive again, with the 30-day moving average increasing to 308k coins.

ME News Report, April 7 (UTC+8), according to CryptoQuant analyst Darkfost’s analysis, despite the current market facing geopolitical tensions and their economic impacts, the environment for risk assets remains challenging, but some investors seem more inclined to hold Bitcoin long-term. Data shows that the supply of long-term Bitcoin holders (LTH) is gradually increasing, presenting constructive and positive signals. As of the end of November last year, the supply of long-term Bitcoin holders (30-day moving average) had fallen to -674,000 BTC, but has now rebounded to a positive value, with an average increase of about 308,000 BTC. This indicates that investor behavior is shifting from selling to holding, and although Bitcoin prices are still fluctuating within a range, an increase in long-term holdings often signals a forthcoming price rise. The analysis points out that this indicator is based on the UTXO model, reflecting the natural transfer of UTXOs created six months ago and not spent into the long-term holder category, and does not fully represent the proactive accumulation behavior of long-term holders. Continued observation of this dynamic is necessary; if the supply of long-term holders continues to rise, it could become a more convincing positive signal for the market. (Source: ChainCatcher)