Fidelity Digital Assets: Bitcoin Long-Term Holder Supply Hits Record Near 15 Million BTC
2026-07-25 15:24:08
Fidelity Digital Assets said Bitcoin long-term holder supply has reached an all-time high near 15 million BTC, a level it views as a sign of conviction. The asset manager said nearly 40% of that cohort sits at an unrealized loss, while on-chain metrics are approaching past-cycle bottom levels, according to BeInCrypto, and research analyst Zack Wainwright said the data remain consistent with a potential market low. Benjamin Cowen separately said the fourth-quarter bottoming window is his base case.
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