Bitcoin Long-Term Holder Outflows Decline, Easing Selling Pressure

Recent analysis indicates a decline in Bitcoin long-term holder (LTH) outflows, suggesting diminishing selling pressure. Long-term holders are those who retain their coins for over 155 days, and historically, they sell less frequently.

  • The Bitcoin LTH netflow is becoming less negative, implying reduced distribution by these investors.
  • Past bull rallies saw net outflows from LTHs, indicating profit-taking during price surges.
  • Current distribution occurs amidst bearish market conditions, unlike previous sell-offs during price increases.
  • Net outflows have decreased, suggesting the market is absorbing long-held coins.
  • The Realized Profit metric has dropped, indicating fewer profits being taken by LTHs.

Glassnode notes that such trends can signal uncertainty often seen during mid-bull market pauses or early bear markets.

Bitcoin's current price is approximately $91,800, experiencing a near 3% decrease over the past week.

Bitcoin LTH Netflow

Bitcoin Price Chart