Bitcoin Holders Wary: Long-Term Supply Rises, But Profitability Signals Caution The Bitcoin market is currently presenting a mixed signal. While the cohort of long-term holders (LTHs) continues to expand, indicating sustained belief in Bitcoin’s long-term potential, a key profitability metric has dipped below neutral. This creates a more cautious outlook on market structure, even as older, previously circulating supply diminishes. This article de...