Bitcoin lth supplies hit all-time high

Dear Reader,

Bitcoin fans come from one of two camps.

They're either an "lth" or "sth". 

Right now, short term holders (sth) have a low market presence. 

Hasn't been this low, in fact, since October 2021.

(Supply is down to only 2.56 million bitcoin). 

Just before bitcoin hit all time highs. 

These speculators hold bitcoin for 155 days or less. 

They're looking for quick pops. 

Good luck with that strategy as bitcoin is trading narrow.

Has been for quite some time now. 

Who knows when the breakout will happen?

The long term holders, on the other hand, are holding on for dear life. 

Their ranks have grown larger than ever before. 

With supplies hitting an all time high of 14.6 million bitcoin. 

At some point, of course, bitcoin will pop again.

Many experts believe it will reach a six-figure price in the near future. 

We're all sitting on pins and needles waiting for the big move. 

Meanwhile, if you're looking for double-digit, and even triple-digit wins in the short term… you need to check out Cointelegraph Markets Pro. 

Regards,

Russell DeCorte
Director
Markets Pro

© 2023 COINTELEGRAPH MARKETS PRO COINFIDENTIAL.
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