Long-term Bitcoin holders have sold 1 million Bitcoins since September
According to CoinDesk, about a week ago, long-term Bitcoin holders (LTHs) had been distributing large amounts of BTC. Since then, LTHs have accelerated their pace, reducing the total amount of Bitcoins held from about 14.2 million in mid-September to about 13.2 million.
According to data from Glassnode, on Thursday, long-term Bitcoin holders sold nearly 70 thousand BTCs, which is the fourth largest single-day selling volume this year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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