Bitcoin Long-Term Holders Cease Selling, Stabilizing Price
- Bitcoin has held above the $100,000 mark since January 17.
- Long-term holders are investors who keep bitcoin for over 155 days.
- This group held 14.2 million BTC in September, now reduced to 13.1 million BTC.
- Their selling pressure has decreased as prices rose recently.
Long-term bitcoin holders have stopped their selling spree, maintaining the cryptocurrency’s price above $100,000 since January 17. This cohort, which held 14.2 million BTC in September and now holds 13.1 million BTC, is known for buying during price dips and selling during market strength.
Source (2.6)https://www.coindesk.com/markets/2025/01/22/bitcoin-sales-by-long-term-holders-seem-to-have-bottomed-out-van-straten?rand=52298
