The on-chain analytics firm Glassnode has revealed in a report how sell-side pressure may see an uptick from Bitcoin long-term holders around this price level.
Bitcoin Long-Term Holder Profit Will Hit 350% At 99,900
In its latest weekly report, Glassnode has talked about the latest trend related to the Bitcoin long-term holders. The “long-term holders” (LTHs) refer to the Bitcoin investors who have been holding onto their coins since more than 155 days ago.
The LTHs make up for one of the two main BTC holder cohorts divided on the basis of holding time, with the other side being known as the “short-term holders” (STHs).
Statistically, the longer an investor holds onto their coins, the less likely they become to sell them at any point, so the LTHs with their long holding times can be considered more resolute than the STHs.
Below is the chart shared by the analytics firm that shows how the total supply held by these HODLers has changed during the last couple of years
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