On-chain data reveals the Bitcoin HODLers are participating in major selling. Here’s how many months the past two bull runs took to top after this.
Bitcoin Long-Term Holders Now Selling 500,000 BTC Per Month
As explained in a post on X by CryptoVizArt, a senior researcher at the on-chain analytics firm Glassnode, the BTC long-term holders have been selling recently, regardless of how bullish the mood around the market has been.
The “long-term holders” (LTHs) here refer to the Bitcoin investors who have been holding onto their coins since more than 155 days ago. These holders are known to display a strong resolve, as they don’t sell that often, despite whatever may be going on in the wider market.
Because of this strength, they are popularly known as the “diamond hands” of the sector. Since it’s uncommon to see the LTHs selling, the times that they do participate in distribution can be worth paying attention to, especially if the selloff is of any significant
We współpracy z: https://bitcoinist.com/when-bitcoin-top-historical-pattern-provide-hints/
