Bitcoin Long-Term Holder Supply Sees First Uptick Since April

Recent on-chain data indicates a shift in the behavior of Bitcoin investors holding their assets for over six months, with an increase in dormant supply for the first time since April.

Charles Edwards from Capriole Investments highlighted this change, noting an uptick in the 6-month inactive Bitcoin supply.
This group, known as long-term holders (LTHs), had been selling during recent months, especially during last month's market crash.
The current increase suggests a potential shift back towards holding rather than selling.
An increase in the LTH supply doesn't mean immediate buying but reflects past accumulation maturing into the long-term category.
This trend is generally positive, hinting at stronger HODLing behavior similar to patterns observed before previous price rallies.

Currently, Bitcoin's price has recovered slightly to $87,500 after briefly dropping below $84,000.