Trading volume of long-term holders
Long-term holders who have held positions for more than 155 days continue to buy. When we looked at it last week, there was still nearly 200,000 BTCs bought by long-term holders and the historical high, but after a week, the BTC held by long-term holders is less than 50,000 BTC away from the historical high.
This data shows that the investors who bought recently are not just short-term investors, but more long-term investors are buying. When the stock of BTC is close to 1.43 million, long-term holders have begun to take the route of distribution.
This shows that more long-term holders think that it is already the high point of the price and started to leave the market at $62,300. Now, when it is only $5,000 away from the historical high, long-term holders continue to increase their holdings instead of starting to choose to leave.
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