Farcaster

🍃This chart from Glassnode shows that long-term Bitcoin holders have sold 507,000 BTC since September.

This is slightly more than half of the 934,000 BTC sold during the March 2024 price rally.

As long-term holders’ holdings decline and short-term holders’ share grows, there is potential selling pressure in the market. These shifts typically occur during bullish periods as some investors liquidate their holdings to take profits.

𝐁𝐢𝐠 𝐜𝐡𝐚𝐧𝐠𝐞𝐬 𝐚𝐥𝐰𝐚𝐲𝐬 𝐬𝐭𝐚𝐫𝐭 𝐟𝐫𝐨𝐦 𝐰𝐢𝐭𝐡𝐢𝐧 𝐩𝐞𝐨𝐩𝐥𝐞
