Long-Term Bitcoin Holders Accumulate 1.38 BTC for Every 1 BTC Sold
Long-term holders (LTHs) of bitcoin are significantly accumulating the asset, purchasing 1.38 BTC for every 1 BTC sold by short-term holders (STHs). Key points include:
- LTHs have acquired 635,340 BTC since January, raising their total to 13,755,722 BTC.
- Defined as holders for at least 155 days, LTHs typically buy during market dips and sell during rallies.
- STHs have sold 460,896 BTC, with their holdings now at 3,516,265 BTC.
- The 155-day threshold correlates with a price increase from $65,000 to $95,000 around November 20.
- Despite a 30% decline from the all-time high of $109,000, LTHs continue to hold strong.
- Currently, approximately 2.6 million BTC are underwater, reflecting unrealized losses from a peak of over 5 million BTC earlier this month.
