Cory Klippsten: Long term holders of Bitcoin hold record high positions, Jiang Zhuo'er predicts different bottom times

Swan Bitcoin CEO Cory Klippsten stated that the holdings of long-term Bitcoin holders have reached a historic high, and the bottom of this cycle will appear earlier than before. According to Glassnode data, long-term holders hold approximately 14.7 million bitcoins, with a supply growth of approximately 14% since November 2025. Lebit Mining Pool founder Jiang Zhuo'er believes that the bottom of the Bitcoin cycle may occur between October and December 2026. Grayscale pointed out that there is uncertainty about whether the CLARITY Act can be passed, and legislative delays may lead to continued deleveraging by institutions.