Bitcoin scarcity is reaching record levels as long-term holders (LTHs) continue to accumulate the cryptocurrency. According to recent data from analytics platform IntoTheBlock, 80% of the accessible Bitcoin supply is now owned by long-term investors. This represents a record high for Bitcoin and indicates increased confidence in the asset, as LTHs have continued to hold throughout the bear market. The recent rally in Bitcoin’s price, reaching over $35,000, also suggests that these long-term holders are being rewarded for their resilience. Additionally, data reveals a significant accumulation of Bitcoin in the $25k-$31k range, reflecting the long-term bullishness of investors. The upcoming Bitcoin halving event is expected to further reduce inflation and make the asset even scarcer, potentially sparking a new bull run.
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