Bitcoin
June 19, 2026
Franklin Templeton Files Bitcoin DRIP ETFs as More Than Half of BTC Supply Sits at a Loss
Key Takeaways
- Bitcoin’s price fell below $63,000 as investors reacted to a hawkish Federal Reserve and rising Treasury yields
- Long-term holders now control a record 83% of Bitcoin’s circulating supply, signaling continued accumulation despite recent price weakness
- More than 50 crypto industry leaders are backing the CLARITY Act, adding momentum to efforts aimed at creating clearer digital asset regulations in the US
Bitcoin’s price slipped below $63,000 on Tuesday, extending its recent pullback. The decline comes at a time when sentiment around risk assets remains fragile. Despite this, a different trend seems to be emerging. Long-term Bitcoin holders appear to be adding to their positions even as the market sells off. It is setting up an interesting contrast just as lawmakers prepare to revisit crypto regulation in Washington.
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Long-Term Holders Keep Adding Bitcoin
Bitcoin dipped to a low of $62,170.31 before jumping back up to $62,443.50, at press time. The king coin recorded a 3.3% drop over the past 24 hours. Just earlier today, BTC was at a high of $65,544.00. The move followed weakness across risk assets as traders adjusted to expectations that the Federal Reserve could keep interest rates higher for longer.
Despite the decline, on-chain data shows long-term holders now control roughly 83% of Bitcoin’s circulating supply. This is the highest level on record. The same group had been taking profits during the 2024 spot Bitcoin ETF rally. Their return to accumulation suggests some investors view the latest correction as an opportunity rather than a warning sign.
The trend also points to tightening available supply, a metric closely watched by analysts during previous market cycles.
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Crypto Industry Pushes for CLARITY Act
The accumulation trend comes as more than 50 crypto industry leaders are expected to meet with US senators to discuss the CLARITY Act. This proposed bill aims to establish clearer rules for digital assets.
With regulatory uncertainty still hanging over the sector, many crypto firms view the CLARITY Act as a chance to establish clearer ground rules and attract more institutional capital.
Bitcoin’s recent slide has grabbed the headlines, but the behavior of long-term holders tells a different story. Lawmakers currently debate the future of crypto regulation. Amidst this, some of the market’s oldest investors appear to be positioning for what comes next rather than reacting to today’s price swings.
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