The long-term holder supply of Bitcoin has seen a historic surge, with coins bought between $95,000 to $107,000 remaining untouched for over six months.
This high-conviction holding mindset indicates a strong belief in Bitcoin's long-term value, as holders are not selling even with BTC trading above $100,000.
Such surges in long-term supply have only occurred six times in Bitcoin's history, preceding major rallies or durable market bases.
The willingness to hold through high valuations signals a maturing market, suggesting investors view Bitcoin as a long-term store of value, not just a speculative asset.