📉 LATEST: $BTC Long-Term Holders Hit Cyclical Low at 14.33M Supply Supply dropped to lowest since March on Nov 21 when $BTC bottomed at $80K. Rebound to $90K suggests spot selling pressure eased after correction. Holders with 155+ day coins reduced from 14.77M in July to 14.33M in November. 2025 cycle shows measured distribution vs blow-off-top capitulation in 2017 and 2021 indicating evolved market structure.