Recently, 14-year whales have started selling, along with some whales who have held for over 10 years.
Interestingly, in March and November 2023, these holders were reclassified as 10+ year holders, increasing their share of the overall distribution.
This timing coincides exactly with Bitcoin’s surge in March and November 2013, 10 years earlier.
At that time, Bitcoin rose from below $100 to around $1,000, which translates to a maximum return of approximately 117,900% based on a $100 entry.
These whales have every reason to take profits, and their actions provide strong motivation for many investors to consider long-term Bitcoin holding.
Written by CoinCare
