The data on the series shows that the long -term bitcoin holders have threw a large amount of cryptocurrency recently.
In long -term Bitcoin holders have realized outstanding profits recently
In the latest weekly report, the Analysis Company on the series Glass Discuss how to turn the show between BTC holders in the short term and long -term holders recently.
“Stehs” and “long -term bearers” (LTHS) here refers to the two main periods of the Bitcoin market, which took place on the basis of the time of retention. Investors who bought their coins over the past 155 days decrease in the previous regiment, while those who have been being held longer than this period are placed.
Statistically, the longer the investor maintains coins, the less likely to sell the aforementioned coins at any time. Thus, STHS can be considered to include the weak hands of the market, while LTHS represents firm entities.
Now, here is the graph for the supplies of the two groups that the Analysis Company shares in the report:
As shown in the above chart, Bitcoin LTHS participated in a recent sale, as its total holdings decreased by about 1.1 million BTC. This indicates that the price explosion of more than $ 100,000 was very good so that these diamond hands could not sit.
in mail On X, Glassnode shared how to compare the percentage between profit and losing a recent LTHS.
From the graph, it is clear that LTHS Bitcoin has seen a more large size to make profit than a loss recently. This trend also witnessed in both the previous bull.
This style is not surprising, as LTHS tends to collect such huge gains through their patience, and by the time the bull runs, they are ready to harvest large numbers.
Of course, with the latest sale of LTHS, the STH supply increased with the same amount. Whenever LTHS is sold, some new buyer comes to take their coins.
During the bull markets, a high amount of new demand tends to flow in it absorbs profit from LTHS. As long as the balance in the market maintains, the gathering continues. Once the demand is depleted, the price reaches the top.
It remains now to see how long the Bitcoin market can continue to absorb the aggressive profits of Hodlers.
BTC price
At the time of this report, Bitcoin is trading about $ 10,100, an increase of more than 2 % during the past week.
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