Currently, there are less than 200,000 BTCs from the record high for long-term holders. Next, from the data of long-term holders, we saw signs of distribution last week, but after a week, long-term holders continued to become holding positions, and almost all of them increased their holdings within the week. In a week, long-term holders increased their holdings by more than 200,000 pieces.
What’s interesting is that the last time long-term holders held more than 14 million BTC, the price of BTC was US$88,000. At that time, long-term holders had already begun to decline. More long-term holders chose to sell their BTC. In just half a year, the holdings of long-term holders returned to 14 million. However, the price of BTC at this time was US$95,000, and the BTC held by long-term holders continued to increase.
This means that more investors are focusing on the future of BTC rather than short-term price changes.
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