Summary:
- The article discusses the increasing supply of Bitcoin held by long-term holders, which is seen as a sign of strong bullish conviction in the cryptocurrency.
- According to on-chain data, the amount of Bitcoin held by long-term holders (those who have held their BTC for at least 155 days) has reached an all-time high, indicating that investors are confident in the long-term prospects of Bitcoin.
- The article suggests that this trend of increasing long-term holder supply could signal a potential price increase for Bitcoin in the future, as long-term holders are less likely to sell their holdings during market volatility.