Long-term holders are getting rid of $BTC 💱
Long-term bitcoin holders (coins 18 to 36 months old) have reduced their holdings by more than 2 million coins since November 2023, cashing out $138 billion. Attached is the corresponding chart.
CryptoQuant conducted modeling of the situation, in which it became clear that the trend will continue and by the end of the year over 500,000 more coins from long-term holders will enter the market.
Companies, countries and small private investors are buying this supply. Most of the transactions are taking place via OTC
