Quick Take
- Glassnode defines long-term holders (LTH) as holders of Bitcoin (BTC) for 155 days.
- 155 days ago would put us around November 23, 2022, after the collapse — We should now expect to see coins changing into LTHs.
- LTH supply is now at an all-time high of 14,282,817 million Bitcoin.
- While the 30-day net position change of LTHs is at a year-to-date high, accumulating 161,000 Bitcoin in the past 30 days.
- The unrealized realized price distribution (URPD) metric: the supply is shown in the price bucket — at which the respective entity has (on average) acquired its coins. As you can see, most coins acquired at $15,500 have now turned blue — indicating LTHs.
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