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CryptoIntelligence 2024-10-06 15:55:00

Long-Term Bitcoin Holders Take Profits, Creating Selling Pressure

Long-Term Bitcoin Holders Take Profits, Creating Selling Pressure

Bitcoin faces potential selling pressure as the dollar value of long-term holders’ (LTH) BTC exposure declines by billions of dollars. New research from onchain analytics platform CryptoQuant reveals that while speculators are stepping in, seasoned holders are becoming more risk-averse. Bitcoin long-term holders, who have held BTC for 155 days or more, appear to be taking profits amid growing enthusiasm for Bitcoin reaching all-time highs. CryptoQuant analyzed the net position change of LTH entities and found a “sharp decrease” in their BTC exposure. “There has been a recent sharp decrease of $6 billion (from $19 billion to $12 billion) in

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