Bitcoin long-term holder supply is near an all-time high, at approximately 14.7 million BTC

Long-Term Holder Spending Binary Indicator shows minimal spending for the first time since June 10. With LTH supply near all-time highs (~14.7M $BTC), it signals continued conviction - seasoned investors remain reluctant to distribute despite recent market volatility.

https://x.com/glassnode/status/1937480833058648353