BTC Long-Term Holders Cashing Out: Glassnode Data
Glassnode data reveals that long-term holders have been realizing more profit this cycle compared to previous ones, with only the 2016-17 period surpassing the current levels.
Key insights from the data:
- LTH realized profit this cycle: 3.27M BTC
- Peak of 2017 cycle: 3.93M BTC
- Elevated profit-taking leading to higher sell-side pressure
- Signals indicating late-phase cycle behavior
Signs of Transition
When long-term holders start moving their old coins, it often signifies the end of the easier phase of the cycle.
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