Swan’s Klippsten Sees Early Bitcoin Bottom Based on Long-Term Holder Supply
Vexoda Newsroom
Bitcoin long-term holder supply has reached a record high, according to Swan CEO Cory Klippsten. This could suggest an early market bottom for BTC, contrasting with other predictions.
Swan's CEO Cory Klippsten recently highlighted that the Bitcoin (BTC) holding level of long-term investors has hit an all-time high at 14.7 million BTC, indicating a potential early market bottom according to his analysis.
Klippsten pointed out this milestone during an interview with Cointelegraph, stating that historically such levels have marked cycle lows in the crypto market. The record supply held by long-term addresses is seen as a sign of continued investor conviction despite current market conditions.
In contrast, other analysts like Jiang Zhuoer from Lebit Mining Pool predict a later bottom around October to December 2026 based on Strategy's Multiple to Net Asset Value (mNAV) analysis. This mNAV metric has already dropped close to its lowest point in May 2022.
The increase in long-term holder supply since November, up by about 14%, shows a rebound from the October record liquidation event. However, regulatory uncertainties like the CLARITY Act and market downturns could still impact Bitcoin's trajectory.
These differing predictions underscore the complexity of determining when BTC will find its bottom. For traders, monitoring both long-term holder supply trends and broader macroeconomic factors remains crucial for navigating market volatility.
Traders should keep an eye on further developments in regulatory policies like CLARITY Act passage and continue to assess market sentiment through metrics such as put-call ratios and transaction volumes of alternative cryptocurrencies.
Source: Cointelegraph. Summarized and rewritten by the Vexoda Newsroom. This is market news, not financial advice.