Long-term Bitcoin holders have sold 1 million Bitcoins since September
According to CoinDesk, about a week ago, long-term Bitcoin holders (LTHs) had been distributing large amounts of BTC. Since then, LTHs have accelerated their pace, reducing the total amount of Bitcoins held from about 14.2 million in mid-September to about 13.2 million.
According to data from Glassnode, on Thursday, long-term Bitcoin holders sold nearly 70 thousand BTCs, which is the fourth largest single-day selling volume this year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Satoshi Nakamoto statue installed at the New York Stock Exchange
The UK's Financial Conduct Authority lists pound sterling stablecoin payments as a priority for the coming year.
Total net inflow of spot Bitcoin ETFs reached $224 million yesterday, with BlackRock IBIT leading at $193 million.
Trending news
MoreCrypto prices
More
