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Event File CRYPTO Bitcoin

Swan CEO Says Record Long-Term Bitcoin Holdings Could Bring Earlier Market Bottom

1 reports · First detected 2026-06-30 · Last active 2026-06-30

Swan Bitcoin is a financial-services company focused on Bitcoin, and CEO Cory Klippsten has closely tracked changes in ownership patterns. Since Bitcoin completed its fourth halving in April 2024, the market has been watching for signs of a cyclical bottom. Rising supply held by long-term investors typically indicates that coins are moving to higher-conviction holders who trade less frequently.

Klippsten said in a recent report that long-term investors now hold a record 14.7 million Bitcoin, equivalent to about 70% of its 21 million maximum supply. He said this suggests veteran holders have not exited in large numbers amid volatility. Selling pressure could therefore be absorbed faster than in previous cycles, potentially allowing the crypto market to bottom earlier this time. The view remains a market estimate, however, and does not confirm that prices have reached a bottom.

All Coverage

1 original reports
COINTELEGRAPH.COM 2026-06-30
Swan's Cory Klippsten sees record Bitcoin holder supply revealing early bottom

The Backstory

The history behind this event
Record 79% Bitcoin Long-Term Holder Share Signals Bear Market May Be Nearing Bottom, K33 Says2026-06-17 · 1 reports · similarity 0.81

K33 Research said the rising share of Bitcoin held by long-term investors indicates that supply is gradually shifting to holders who are less likely to sell, reducing potential selling pressure. Historically, a growing long-term holder share combined with much of the supply trading at a loss has typically emerged in the later stages of bear markets, though it does not mean a price bottom has been confirmed.

K33 Research's latest report showed that long-term holders control a record 79% of Bitcoin's supply. About 50% of the circulating supply is at an unrealized loss, also consistent with patterns seen during previous bear-market bottoms. The report did not specify the data cutoff date and warned that the upcoming FOMC interest-rate decision could trigger volatility because of Bitcoin's strong correlation with the S&P 500.

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