📉 Bitcoin long-term holders start distributing: Selling speed reaches a new high since August
While traditional financial markets continue to strengthen, Bitcoin's "diamond hands" have chosen to cash in. Here are the key data points investors need to pay attention to:
• Sale scale: In the past 30 days, long-term holders (LTH) who have held BTC for more than 155 days have cumulatively reduced their holdings by about 143,000 BTC. This is the most active selling wave in nearly 5 months.
• Trend reversal: The brief accumulation period from late December to early January has ended, and the market has once again entered the "distribution phase."
• Price pressure: Despite Bitcoin attempting to stabilize at $97,000, the distribution behavior of long-term holders has become a major resistance hindering the price from catching up with the broader market.
• Holding status: This group currently still holds about 14.5 million BTC. Their reduction tendencies will directly determine the height of future market rebounds.
Conclusion: Bitcoin's performance is temporarily lagging behind traditional markets, mainly due to the profit-taking influence of large holders. Attention should be paid to market absorption capacity, to see if new incoming funds can digest this wave of selling pressure.
#Bitcoin #BTC #数据分析 #Glassnode #加密货币
