🔮#Bitcoin holders are playing the long game! 🚀

🔹Long-term holders (LTH) with BTC for 1-2 years tend to sell during bullish price phases. But those with BTC UTXOs older than 3 years? They're still accumulating! 💪

🔹CryptoQuant reveals over 50% of BTC's total supply has been inactive for over a year. Despite price fluctuations, LTHs are standing firm on BTC's future value.

🔹As BTC recovers to $56,000, the 1-year and 2-year holder cohorts are transitioning from selling to holding, signaling renewed confidence in BTC's upside potential. 📈

🔹Glassnode notes that a group of LTHs, who had been selling since Dec 2023, have started buying BTC again.

🔹CryptoQuant warns a break below the daily Ichimoku cloud could shift market sentiment bearish, potentially leading to a retracement towards $64,000.

🔹IntoTheBlock estimates the next market peak could occur between Oct 2024 and Mar 2025.

🤔What's your BTC strategy? Share in the comments! #cryptonews #BTC