Recent on-chain data reveals a continuous decrease in the supply held by long-term Bitcoin holders, raising questions about the implications for the cryptocurrency.<\/p>\n
According to insights shared by CryptoQuant’s Axel Adler Jr on X, the supply held by long-term Bitcoin investors, defined as those holding onto their coins for over 155 days, has shown no signs of growth in the recent past.<\/p>\n
Long-term holders (LTHs) represent a segment of the BTC market characterized by decreased likelihood of selling their holdings compared to short-term holders (STHs), who are more prone to making swift trades.<\/p>\n
Despite the traditional resilience of LTHs, a recent trend indicates a decrease in their supply. Notably, this decline became more pronounced following the approval of spot exchange-traded funds (ETFs) by the US Securities and Exchange Commission back in January.<\/p>\n
While LTHs typically hold onto their coins for significant periods, recent sell-offs suggest a shift possibly driven by substantial gains accrued during a price rally. This behavior is further reflected in the ongoing downtrend even amidst prevailing bearish price dynamics.<\/p>\n
An observation worth noting is that the lack of growth in LTH supply could signify a broader market sentiment leaning towards pessimism. However, historical patterns suggest that such distribution among LTHs may not necessarily be an alarming signal in the context of previous market cycles.<\/p>\n
As of the latest update, Bitcoin is currently priced at approximately $61,200, marking a 4% decline over the past week.<\/p>\n","protected":false},"excerpt":{"rendered":"
Recent on-chain data reveals a continuous decrease in the supply held by long-term Bitcoin holders, raising questions about the implications for the cryptocurrency. Decrease in Bitcoin Long-Term Holder Supply Draws Attention According to insights shared by CryptoQuant’s Axel Adler Jr on X, the supply held by long-term Bitcoin investors, defined as those holding onto their […]<\/p>\n","protected":false},"author":1,"featured_media":14756,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Declining Bitcoin HODLer Supply Sparks Concerns - Bitrabo","description":"Recent on-chain data reveals a continuous decrease in the supply held by long-term Bitcoin holders, raising questions about the implications for the cryptocurre"},"footnotes":""},"categories":[316],"tags":[448,623,1717,3649,863,762,5524,5525],"class_list":["post-14755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-continues","tag-decline","tag-hodler","tag-sign","tag-supply","tag-worrying","tag-worrying-sign"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/14755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=14755"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/14755\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/14756"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=14755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=14755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=14755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}