Definition ∞ Long-Term Holder Supply refers to the quantity of a cryptocurrency held by entities that have retained their assets for an extended duration, typically over 155 days. These holders are generally considered to possess strong conviction and are less likely to sell their holdings in response to short-term price fluctuations. This metric provides insight into the illiquid portion of the circulating supply. A growing Long-Term Holder Supply often indicates market confidence and reduced selling pressure.
Context ∞ Crypto news frequently references Long-Term Holder Supply to assess the underlying strength of an asset’s market structure. An increasing trend in this metric is often interpreted as a bullish signal, indicating accumulation by seasoned investors. Conversely, a decline can suggest profit-taking or capitulation from these steadfast holders, potentially signaling market weakness.
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