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Bitcoin Top Buyers Preferring To Hold Rather Than Sell, Glassnode Reveals

  • Long-term holders of Bitcoin, who bought their coins more than 155 days ago, are showing conviction by not selling.
  • Two selling waves during the current cycle led the long-term holders to distribute 2 million BTC.
  • The recent increase in long-term holder supply indicates buying that occurred during the BTC rally to prices beyond $90,000.
  • Investors in the 3-month to 6-month range, who bought at or near the price all-time high, are demonstrating strong conviction amidst the market volatility.

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