Crypto Token Tracker logo Crypto Token Tracker logo
Coin Edition 2024-12-03 18:50:00

Long-Term Bitcoin Holders Trim Balances During Bull Run

Bitcoin long-term holders reduced balances by 9.8 percent, less severe than previous cycles. Short-term holders spike during price peaks while long-term holders show consistent resilience. Exchange outflows increase during rallies and inflows rise during bearish market corrections. Bitcoin’s long-term holders are slowly selling some of their Bitcoin. Data from IntoTheBlock shows that long-term holders now have 12.45 million BTC, the lowest level since July 2022. But this drop is less than in previous cycles. In this cycle, long-term holder balances are down 9.8%, compared to the 15% reduction in 2021 and the 26% dip in 2017. Bitcoin long-term holders are gradually reducing their balances, now holding 12.45 million BTC—the lowest level since July 2022. So far, this decline is less severe than in past cycles. Long-term holder balances have fallen by 9.8% this cycle, compared to 15% in 2021 and 26% in… pic.twitter.com/eA5Cckrgs4 — IntoTheBlock (@intotheblock) December 3, 2024 Long-Term Holder Balances and Bitcoin Price Historically, when long-term holder balances go down, Bitcoin prices are high. In the 2018 market cycle, the balances of long-… The post Long-Term Bitcoin Holders Trim Balances During Bull Run appeared first on Coin Edition .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.