BTC long-term holder supply hits highest level since last August

The supply held by BTC long-term holders has risen to approximately 15.26 million BTC, its highest level since last August, according to an analysis by CryptoQuant contributor Darkfost. Over the past 30 days, these wallets have accumulated an additional 316,000 BTC. Separately, Coin Bureau noted that a narrowing gap between exchange inflows and outflows, declining exchange reserves, and ongoing whale accumulation are all occurring simultaneously. The outlet explained this is a typical pattern repeatedly observed during major BTC market bottoms since 2019. Market analysts suggest that the combination of decreasing sellable supply on exchanges and an increase in long-term holdings could signal an easing of mid-to-long-term supply pressure. The market is also focused on the upcoming FOMC minutes, scheduled for release on May 20, and the potential for a shift in the Fed's policy stance.