Long-term holders have bought over 1M BTC over the last 20 months. Even in a bear market you can not stop us.

Usually we all associate some kind of fear and uncertainty and doubt with a bear market that causes us to panic sell, but in reality a bear market has a lot more to do with buying than selling, at least for a certain group of investors. While all the “tourists“ will fumble and sell it all, the convicted holders (long-term holders) will immediately eat up all of their coins.

And it was nothing different even in this market cycle for Crypto, those who always sell, sold here too and those who have commitment, focus and will, gain even more.

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Long-term holder Position change showing an addition of 1M BTC in the roughly last 20 months, 602 days

Here we can see how over 1M BTC were pruchased by long-term holders over the last 602 days, meaning about 20 months ago, since the end of the bull market in late 2021 and start of the bear market. Moreover, Long-term holders have now reached a near-ATH supply of 14.4M by themselves.

To put that in contrast, the Exchange Supply is about 2.2M BTC, meaning long-term holders could buy half of the exchange supply in just a year and a half. Meaning long-term holders could easily cause a Supply Shock for all exchanges if they continue to accumulate at this pace, which we likely will.