Bitcoin Long-Term Holding Amount at 8-Month Low

Bitcoin Long-Term Holding Amount Decreases

Bitcoin long-term holding amount has decreased to 14.34 million BTC, reaching its lowest level since May. This situation signals the third wave of sales by long-term investors in the current cycle. The previous sales occurred during the rise to the $100,000 level following ETF approvals and President Donald Trump's election victory.

Unlike past bull markets, this cycle is characterized by multiple waves of long-term holding sales. These selling waves have not created concern among investors as they have been met by the market.