Glassnode: Monthly selling by long-term bitcoin holders hits highest level since April
2024-11-25 22:37:53
The data tracked by Glassnode shows that bitcoin long-term holders (LTH) have recently started to sell off on a large scale, with monthly sales reaching their highest level since April 2024, reaching 366,000 BTC.
The data shows that in the LTH, the group with a holding duration of 6 months to 12 months leads the way, selling an average of 25,600 BTC per day. Most of the recent selling activity has come from this specific group of investors.
The data shows that in the LTH, the group with a holding duration of 6 months to 12 months leads the way, selling an average of 25,600 BTC per day. Most of the recent selling activity has come from this specific group of investors.
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