On-chain data shows that long-term Bitcoin holders have been selling recently as their profits have ballooned to notable levels after the price surge. Bitcoin Long-Term Holders Have Been In Huge Profits Recently As CryptoQuant community analyst Maartunn explained in a new post on X, the long-term holders have sold big in the past month. The “long-term holders” (LTHs) refer to the Bitcoin investors who have been holding onto their coins for more than 155 days. This cohort includes the most relentless hands of the market, who rarely sell regardless of whether a rally or crash is going on. These investors are in sharp contrast to the “short-term holders” (STHs), who generally react to any happening in the sector. Related Reading: Analyst Sets $4.40 XRP Target As 3rd-Straight Bull Pennant Forms As such, the times that the LTHs decide to sell can be to watch out for since it means the market is at a stage where even these diamond hands have become tempted to part with their long-held coins. Bitcoin is currently experiencing one such instance, as the bull ..
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