Degen

Axel Adler Jr, an analyst at Anchain, reported that long-term investors have slightly increased their holdings after Bitcoin (BTC) hit $100,000.

This trend suggests that Bitcoins purchased about 155 days ago have now entered the long-term holders’ group.

Adler’s data also shows that more than 90% of the total supply of Bitcoin is currently profitable.

According to the analyst, barring any unexpected events, the market could follow a similar bullish cycle to 2017.

Despite the recent price correction, Bitcoin trading volume has increased by 31% in the past 24 hours.