On-Chain Analyst: Long-Term Bitcoin Holders Have Been Selling the Rally Since...
Bitcoin has undergone a strong rally over the past month as buyers rush in after the early 2020 crash. The price of the leading cryptocurrency currently trades for $18,600, which is almost the highest the cryptocurrency has traded since the 2017 bull market peak. While there appear to be many that believe the coin will move higher, data shows the coin is being sold to some extent. Bitcoin Is Being Sold Into This Rally, On-Chain […]
Related News
On-chain data suggests the Bitcoin Long-Term Holders are currently putting more selling pressure on the market than short-term holders. Bitcoin Long-Term Holder SOPR Has Spiked Up In Recent Days As explained by an analyst in a CryptoQuant post, Short-Term Holders and US investors haven’t sold as much lately as during the start of June. The […]
On-chain data shows Bitcoin long-term holders have just ramped up their selling as the binary CDD metric shoots up. Bitcoin Binary Coin Days Destroyed Has Observed A Surge As pointed out by an analyst in a CryptoQuant post, long-term holders may be using the recent surge as an opportunity to distribute their coins. A “coin […]
On-chain data shows the Bitcoin long-term holders have participated in a major selloff recently, a sign that may not be ideal for BTC’s price. Bitcoin Long-Term Holders Have Been Distributing Recently As explained by on-chain analyst Checkmate in a new post on X, the Bitcoin long-term holders have just shown their heaviest profit-taking event of […]
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 […]
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 […]