“Stubborn Long-Term Supply Hints at Higher Price Targets Despite Recent Selling.”, – WRITE: www.coindesk.com
For at Least 155 Days. Coindesk Research Indicates that One Reason Bitcoin Has Ye To Reach New All-Time Highs Has Been Selling Pressure from the Sese Long-Term Holders.
However, Zooming Out, Glassnode Data Shows that the Percentage of Bitcoin’s Circulating Supple that Has Not MOVED IN THE LEAST YEARS CURRENTLY STANDS AT 45%, WIKH IM IS 2024, One Month After The Launch of the US Exchange-Traded Fund.
Three Years Ago, In July 2022, The Market Was in the Midst of the Leverage Crisis Trigger by the Collapsse of 3AC and Celsius Dringing the Last Bear Market, WHEN BITCOIN WAS PRICED AT. Lths.
Meanwhile, The Share of Circulating Supple that have had not moved in at least five years is at 30% and have Remened Flat Since 2024.
SO, Even Thought Long-Term Holders Are Selling, asy Typically Do When Prices Climb Higher, These Data Points Suggest That Broader Cohort Has Notae. Now, Implying that many are waiting for Higher prices before Making Further Moves.
Read More: Bitcoin Whales Wake Up from 14-Year Slumber to Move Over $ 2b of BTC
In addition to his professional endeavors, James Serves as an Advisor to Coinsilium, A UK Publicly Traded Company, WHERE HE PROVides Guidance on Their Bitcoin Treasury Strategy. He Also Holds Investments in Bitcoin and Strategy (MSTR).
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