For every 1 bitcoin (BTC) sold by short-term holders, long-term holders (LTHs) have accumulated 1.38 BTC in a clear sign of their commitment as the largest cryptocurrency continues to recover.
Since bottoming out in January, LTHs have amassed 635,340 BTC, bringing their total holdings to 13,755,722 BTC, according to Glassnode data. Defined as those who have held bitcoin for at least 155 days, this cohort tends to accumulate during periods of market weakness and sell into strength.
STORY CONTINUES BELOW
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