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 .