Bitcoin Accumulation By ‘Diamond Hands’ Could Increase In Days Ahead, Says Analyst: ‘BTC Long-Term Holder Supply Has Bottomed Out’

Cryptocurrency analyst James Van Straten noted Sunday that Bitcoin’s (CRYPTO: BTC) supply held by long-term holders has reached a bottom and the accumulation period could potentially begin.

What Happened: Van Straten took to X to share his insights on Bitcoin’s supply and market trends. He noted that the market has absorbed 1,098,490 BTCs and suggested that the long-term holder supply has likely reached its lowest point.

“Supply has now grown over the past week and should now rise from here, ” Van Straten predicted.

Full story available on Benzinga.com