According to a report by Deep Tide TechFlow, the latest report from the on-chain data analysis platform Glassnode shows that spending by long-term Bitcoin holders has fallen to its lowest level since June 10. Currently, the supply of long-term holders is close to an all-time high, at around 14.7 million Bitcoins. The analysis indicates that despite market volatility, seasoned investors still exhibit strong confidence in holding their assets and are unwilling to sell. This reduces the circulating supply in the market, and if demand increases, it could lead to supply tightening, creating conditions for a rise in Bitcoin prices.

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