“bitcoin-usd/”>BITCOIN BOOM: Long-Term Holders Are Buying Up Again!”
Well, shucks, folks! It seems like those long-term Bitcoin holders are gettin’ a might curious about buyin’ back in. You see, they’ve been sellin’ off their coins left and right, but it appears they’re startin’ to re-accumulate, like a squirrel stashin’ nuts for the winter. And that’s good news for the price, if you ask me!
Glassnode, a fancy analytics firm, says that long-term holders – or those holdin’ onto their coins for more than 155 days – are startin’ to buy back in after a second wave of sellin’. And that’s reduced volatility on the price chart, like a calm lake on a windless day.
“Across the 2023-25 cycle, long-term holders have distributed over 2 million BTC in two distinct waves. Yet, each has been followed by strong re-accumulation, helpin’ absorb the sell-side pressure. This cyclical balance may be stabilizin’ price action.”
And get this, folks! Those Bitcoin holders closin’ in on long-term holder status are gettin’ all hesitant to sell, like a cat thinkin’ about gettin’ a bath. They’re holdin’ onto their coins, and that’s a mighty fine sign for the price!
“Three-month to six-month Bitcoin holders – those transitionin’ into long-term holder status – are showin’ a sharp rise in wealth held. Many of these coins were acquired near all-time high levels, and their continued aging signals conviction, not capitulation.”
Glassnode also says that the sellin’ of Bitcoin by those holdin’ onto it for three to six months has hit its lowest level in nearly four years, which is like a big ol’ sigh of relief for the market. It means they’re holdin’ onto their coins, and that’s good news for the price!
“Spending from three to six months BTC holders is at the lowest levels since mid-2021. This inactivity reinforces the idea that recent top buyers are holdin’ their positions rather than exitin’, despite recent volatility.”
And as of right now, Bitcoin is tradin’ for $85,151, up 2.3% in the last 24 hours. Not bad, not bad at all! 🚀
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2025-04-01 23:03