Data: In the past seven days, long-term Bitcoin holders have sold over 177,000 Bitcoins

Nov 04, 2024 21:17:36

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ChainCatcher news, according to IntoTheBlock data, in the past 7 days, long-term holders (LTH) of Bitcoin have sold a total of 177,617 Bitcoins. The chart below shows the "balance changes by holding time," reflecting the liquidity of long-held Bitcoins.

Analysis indicates that LTH tend to accumulate more when prices drop and reduce their holdings when prices rise. Currently, with the recent increase in Bitcoin prices, the distribution activity of LTH has become active again. This pattern was also evident during the bull markets in 2018, 2021, and 2024.

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