Svmuu News: Cory Klippsten, CEO of Swan Bitcoin, stated that the holdings of long-term Bitcoin holders have risen to an all-time high, which may indicate that the bottom of this crypto market cycle will come sooner than in the past.According to statistics from the on-chain data platform Glassnode, the amount of Bitcoin held by long-term holders (those who have held their coins for at least 155 days) has reached approximately 14.7 million, setting a new all-time high. This indicates that seasoned investors are continuing to “hold their coins,” reflecting strong market confidence.On-chain data also shows that since November 2025, the supply held by long-term holders has grown by about 14%, indicating that the market has re-entered an accumulation phase following earlier large-scale liquidations.
Cory Klippsten noted that this level of holdings typically corresponds to a phase of market bottoming in historical cycles, reflecting long-term investors’ firm expectations regarding the future value of Bitcoin. He believes this may indicate that the bottom of the current cycle will occur earlier than the historical average.
However, this view contradicts some market forecasts. For example, Jiang Zhuo’er, founder of Lebit Mining Pool, believes that the bottom of the Bitcoin cycle may occur between October and December 2026 and could be influenced by the institutional net asset value (mNAV) cycle.Furthermore, market sentiment is also influenced by developments in U.S. crypto regulation. Grayscale noted that uncertainty remains regarding the passage of the CLARITY Act; if legislation is delayed, it could lead to continued institutional deleveraging, thereby placing additional pressure on Bitcoin prices. (Cointelegraph)