Long-term Bitcoin holders’ holdings have dropped to 12.45 million, hitting a new low since July 2022
According to IntoTheBlock data, the current holdings of long-term Bitcoin holders have dropped to 12.45 million coins, hitting a new low since July 2022. The data shows that in this cycle, the reduction in holdings by long-term holders was only 9.8%, much narrower compared to 15% during the 2021 bull market cycle and 26% during the 2017 bull market cycle.