On-chain data shows the Bitcoin long-term holder outflows have been declining recently, a potential sign that selling pressure may be fading.
Bitcoin Long-Term Holder Netflow Is Getting Less Negative
In a new post on X, on-chain analytics firm Glassnode has talked about the latest trend in the netflow associated with the Bitcoin long-term holders (LTHs). The LTHs refer to BTC investors who have been holding onto their coins for a period longer than 155 days.
Statistically, the longer an investor holds onto their coins, the less likely they become to sell them at any point. As such, the LTHs with their long holding time are considered to include the resolute hands of the market.
Though, while these HODLers tend to be patient, they have shown several phases of distribution during the last couple of years. Below is the chart shared by Glassnode that shows the trend in the monthly netflow of the Bitcoin LTHs.
As is visible in the graph, the Bitcoin LTHs observed streaks of ne
We współpracy z: https://www.newsbtc.com/bitcoin-news/bitcoin-hodler-selloff-ending-lth-outflows-decline/
