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Recent data from Glassnode shows that the Bitcoin volume held by long-term holders $BTC LTH( has reached a record level of 14.46 million BTC, accounting for approximately 73% of the total circulating supply of 19.88 million BTC. LTH, defined as investors holding Bitcoin for at least 155 days, are often considered "smart money" due to their strategic buying during market dips and selling at the peaks of the bull market.