Discrepancy Among Long-Term Holders

Long-term holders with positions over 155 days are continuing to buy. When we looked last week, there was still nearly 200,000 BTC space between the current long-term holders' purchases and the historical high point. However, just one week later, the BTC held by long-term holders is now less than 50,000 BTC away from the historical peak.

This data better illustrates that the recent uptick in purchases is not only from short-term investors but also from more long-term investors buying in. The last time the supply was close to 1.43 million BTC, long-term holders had already started moving towards distribution.

This indicates that more long-term holders believe we have reached a price peak, having started to exit at $62,300, while now, when the price is still only $5,000 away from the historical high, long-term holders are continuing to accumulate rather than choosing to exit.

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