Blockware Intelligence Newsletter: Week 180
Bitcoin on-chain analysis, mining analysis, macro analysis; overview of 6/14/25 - 6/20/25
Long Term BTC Holdings Hit All-Time High – Supply Squeeze Coming?
Over 69% of the BTC supply has not moved on-chain in 6 months or longer – the highest concentration of supply in Bitcoin history. This is in spite of the fact that BTC has traded north of $100,000 for the past month. A rapid increase in long-term holder supply preceded BTC price appreciation in Q1 2024 and Q4 2024. We expect this time to be no different. Q3 is going to be massive for Bitcoin.
This isn’t the only indicator we’re looking at — there’s a few other metrics that are screaming “now is the time to be bullish".” Let’s take a look…
