Bitcoin Shows ‘Buyer Stagnation’ Despite Record Holder Supply, ETF Outflows Persist

Bitcoin (BTC) is sitting in a ‘buyer stagnation’ phase despite a record rise in long-term holders, according to new research from Crypto.com. The report argues that the market’s problem is not a shortage of supply but a shortage of fresh demand—an imbalance that has blunted rebound momentum even as traditional U.S. risk assets pushed to new highs.

Crypto.com said long-term holder supply—coins considered inactive for an extended period—has climbed above 15.8 million BTC, the highest level on record. Under normal conditions, shrinking liquid supply is interpreted as bullish. This time,…  Read more

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