Bitcoin Long-Term Holder Realized Supply Stays Near Peak as March 2026 Metrics Cool
As of March 11, 2026, Bitcoin's long-term holder Realized Supply was 8.05 million BTC, about 5.5% below the March 8, 2026 cycle high of 8,529,671 BTC when the price hit $65,974. Analyst Axel Adler Jr. noted that current long-term holder balances are still historically elevated versus the 2016 and 2020 halving cycles, while indicators such as the Z-score and MA365 ratio point to only moderate overheating and a possible stabilization after strong accumulation in early 2026.