Glassnode: Bitcoin Long-Term Holders Have Shifted To Distribution Recently
Data released by Glassnode suggests Bitcoin long-term holder behavior has shifted from accumulation to distribution recently. Bitcoin Long-Term Holders Have Shed 222k Coins Off Their Stack Since May As per a new report from Glassnode, the BTC long-term holders have been spending up to 47k BTC per month in recent days. The “long-term holders” (or LTH in short) refer to the cohort of Bitcoin investors that have been holding onto their coins since at least 155 days ago, without selling or moving them. The “LTH net position change” is an indicator that measures the net....
Related News
On-chain analytics firm Glassnode has revealed in a report that Bitcoin long-term holder have slowed down distribution after months of selling. Bitcoin Long-Term Holder Net Position Change Is Now Neutral In its latest weekly report, Glassnode has talked about how the behavior of the Bitcoin long-term holders has changed recently. The “long-term holders” (LTHs) refer to […]
Glassnode has highlighted how the latest Bitcoin crash triggered a $1.35 billion capitulation event, with long-term holders contributing the majority. Bitcoin Realized Loss Has Witnessed A Spike Recently In its latest weekly report, on-chain analytics firm Glassnode has discussed about the loss-taking panic that has accompanied the latest drawdown in the Bitcoin price. The indicator […]
Latest data from Glassnode shows Bitcoin long-term holders currently own around 90% of the total supply in profit. Bitcoin Supply In Profit Share Of Short-Term Holders Declines According to the latest weekly report from Glassnode, dominance of long-term holders has observed rise recently. The relevant indicator here is the “supply in profit,” which measures the total number of coins that are currently holding a profit in the Bitcoin market. The metric works by checking the on-chain history of each coin to see what price it was last sold at. If this previous price was less than....
Data shows the Bitcoin long-term holders have been selling their coins at a loss for a period of four months now. Bitcoin Long-Term Holder SOPR Has Remained Below 1 Recently As per the latest weekly report from Glassnode, the BTC long-term holders have continued to sell at a loss in recent weeks. The relevant indicator […]
Just recently, the onchain data and research company Glassnode published a report that introduces variations of Bitcoin’s Spent Output Profit Ratio (SOPR) and Market Value to Realized Value (MVRV) Ratio. Glassnode analyst, Rafael Schultze-Kraft, explains the difference between long-term holders and short-term holders in order to analyze the behaviors of these types of investors. Assessing Bitcoin Spending Behaviour Ever since bitcoin (BTC) touched an all-time high at $61,782 per unit market prices have been a bit more tumultuous. Currently, BTC is hovering just above the $55k handle....