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Opeyemi Sule

Darkfost flags LTH supply jump from 15M to 15.8M BTC as Coinbase move distorts signal

Bitcoin dipped under $75,000 on Saturday morning before rebounding toward $77,000 at the time of writing. Analyst Darkfost said LTH supply rose from 15 million to 15.8 million BTC over two days, but argued the change is skewed by Coinbase's internal transfer of roughly 800,000 BTC between November 22nd and 23rd. BTC later traded around $76,490, up about 1% over 24 hours, while Darkfost pointed to resistance just above $80,000 near the STH cost basis.