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Glassnode Glassnode @glassnode · 44K subscribers
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#Bitcoin supply held by Long Term Holders (LTH) usually needs to be spent to 'put the top in'.

At the 2017 top, LTHs had reduced their holdings from 74% at the point of 'Peak Hodl' down to 58% of circ. supply.

Currently, coins accumulated in late 2020 are maturing and LTH owned supply is actually increasing > 67%.

We analysed this metric in Week 12 of The Week On-chain Newsletter for more details.

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