According to analytics provider Glassnode, long-term Bitcoin (BTC) holders are at a multi-year high and markets are not yet saturated with profit-taking. As a result, these long-term holders (LTH) appear to be reducing their spending while continuing to add to their positions. Glassnode also indicated that the total supply held by short-term hodlers (STH) is at a multi-year low, at less than 3 million BTC