Swan CEO Cory Klippsten notes a record Bitcoin supply held by long-term investors, suggesting a potential early bottom for the crypto market.
Old Ether wallets transferred 37,806 ETH as long-term whale profitability turned negative for the first time since 2019, signaling mixed sentiment.
A record **10.83 million Bitcoin (BTC)** are currently held at a loss, while long-term holders control an all-time high of **14.8 million coins**.
Long-term Bitcoin holders, known as "OGs," have cut their selling activity to the lowest point in nearly two years, suggesting strong conviction.
Long-term Bitcoin holders have reduced their selling activity to a **19-month low**, with market cycle indicators pointing to **September** as a potential **market bottom**.