Data: Since October 15, long-term holders have reduced their bitcoin holdings by another 28,000 coins.
Foresight News reported that glassnode tweeted that since October 15, the amount of bitcoin held by long-term holders has decreased by another 28,000 BTC. This means that the number of bitcoins sold by long-term holders (LTHs) has exceeded the number of bitcoins transferred into their group by short-term holders. This reflects excessive net selling behavior, rather than a passive process of holding maturity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BlackRock currently holds 775,715.2 bitcoins
The current total on-chain holdings of US spot Bitcoin ETFs is 1.332 million BTC.
