🧵 **On-chain signals: Long-term holders' positions hit all-time high, bear market may be nearing its end**
Crypto research firm K33's latest data shows that the supply of Bitcoin held by long-term holders has reached a historic peak. Meanwhile, a more critical indicator is sending signals: the reactivation of old coins has dropped to rock bottom.
As of June 6, 2026, only **218,421 coins** (not moved for over two years) have been reactivated, significantly reducing on-chain sell pressure. In comparison, during the same period in 2024, this number was a staggering 1.18 million. The only year historically lower than this level was 2012.
The slumber of old coins signifies that the willingness of long-term holders to sell has plummeted, and patient hands are steadily being absorbed. Historical patterns show that when the steadfast hands stop selling, the market's bottom is often just around the corner.
$BTC
#Bitcoin #Crypto
Crypto research firm K33's latest data shows that the supply of Bitcoin held by long-term holders has reached a historic peak. Meanwhile, a more critical indicator is sending signals: the reactivation of old coins has dropped to rock bottom.
As of June 6, 2026, only **218,421 coins** (not moved for over two years) have been reactivated, significantly reducing on-chain sell pressure. In comparison, during the same period in 2024, this number was a staggering 1.18 million. The only year historically lower than this level was 2012.
The slumber of old coins signifies that the willingness of long-term holders to sell has plummeted, and patient hands are steadily being absorbed. Historical patterns show that when the steadfast hands stop selling, the market's bottom is often just around the corner.
$BTC
#Bitcoin #Crypto