Home / Business and Economy / Bitcoin Holders Show Unwavering Conviction
Bitcoin Holders Show Unwavering Conviction
25 Jul
Summary
- Long-term Bitcoin supply held by investors reaches an all-time high.
- Nearly 15 million coins remain untouched for over 155 days.
- Many long-term holders are experiencing unrealized losses but maintain positions.
Fidelity Digital Assets reports that the supply of Bitcoin (BTC) held by long-term investors has achieved an all-time high. This cohort is viewed as a key indicator of investor confidence.
Nearly 15 million BTC coins have been held unmoved for at least 155 days. This supply has historically grown during bear markets and shrunk during bull markets, with its record set on July 5, 2026. Wainwright notes that almost 40% of these holders are currently at an unrealized loss, yet they continue to hold their Bitcoin.
Bitcoin is trading about 50% below its October 2025 high. Analysts suggest this shallower decline indicates market maturation compared to previous bear markets. While various on-chain metrics approach historical bottom levels, the firm has not confirmed if the bear market has concluded. August presents a potential test, as this month has historically seen losses in midterm election years.
