The selling of Bitcoin (BTC) by long-term holders is being quickly absorbed by buyers, according to digital asset analytics firm Glassnode.
Glassnode says that long-term holders – or those holding their coins for more than 155 days – are starting to re-accumulate BTC after a second wave of selling, reducing volatility on the price chart.
“Across the 2023-25 cycle, long-term holders have distributed over 2 million BTC in two distinct waves. Yet, each has been followed by strong re-accumulation, helping absorb the sell-side pressure. This cyclical balance may be stabilizing price action.”
Source: Glassnode/X
The firm says that Bitcoin holders closing in on long-term holder status are also becoming increasingly hesitant to sell the flagship crypto asset.
“Three-month to six-month Bitcoin holders – those transitioning into
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!