BTC long-term holder supply hits all-time high, hinting at early cycle bottom

The amount of Bitcoin held by long-term holders reached a new all-time high of approximately 14.7 million BTC on June 30, sparking speculation that the crypto market bottom could arrive sooner than expected. In an interview with Cointelegraph, Swan Bitcoin CEO Cory Klippsten explained that a rise in BTC holdings among long-term investors has historically signaled a cycle low. He described the trend as a sign of continued confidence from seasoned investors.