Bitcoin's Long-Term Holders Increase Supply Despite Price Drop

Bitcoin's long-term holders have significantly increased their supply in the first quarter, according to a report by ARK Invest. According to BlockBeats, the supply held by these steadfast investors surged by 69%, rising from 2.13 million BTC to 3.6 million BTC. This increase occurred despite a 22% decline in Bitcoin's price, reaching levels not seen since 2020.