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Long-term Bitcoin holders are accumulating at historic levels, tightening market supply and hinting at a potential supply shock.

Market News
21 May 2026
Cointribune
View Source
Bullish
pluang ai news

Long-term Bitcoin investors, those holding BTC for at least 155 days, are accumulating coins at levels not seen in years, nearing a historic peak. This trend marks the end of a multi-year decline in reserves, with nearly 80% of circulating Bitcoin now held by these investors, reducing the available supply on exchanges. The rise of spot Bitcoin ETFs and growing institutional interest are further locking up supply, reinforcing scarcity and potentially setting the stage for a supply shock if demand continues to rise. Analysts compare this phase to the post-2020 Covid crash accumulation, suggesting it could precede a strong bullish cycle for Bitcoin.

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