CryptoWorld News reports that on-chain analyst Murphy states that as of June 17th, BTC long-term holders (LTH) have a net position of 14.96 million coins, an increase of 20k coins from the high point on March 27th, accounting for 75% of the total circulating supply.

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MetalReliefRoboticArm
· 3h ago
14.96 million tokens, it seems on-chain data explains the issue better than candlestick charts.
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LimeMulti-Signature
· 4h ago
20k tokens of increase isn't much, but accounting for 75% is indeed a bit shocking
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GateUser-53a6e1a8
· 4h ago
75% is in the hands of diamond hands, so the selling pressure is actually lighter than expected.
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Don’tLetTheLiquidationAlarm
· 4h ago
The more LTH you accumulate, the more it seems like the calm before the storm.
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