According to @glassnode, Bitcoin long-term holders—defined as investors who have held BTC for 155 days or more—currently control 53% of the total supply despite recent distribution events. This persistent concentration suggests that if BTC prices rise, more supply could be unlocked, increasing selling pressure. For traders, this means that upward price movements will require strong and sustained demand to absorb potential sell-offs from these holders (source: @glassnode).