๐ Bitcoin's recent surge past $90,000 has sparked a wave of activity among long-term holders (LTHs)! As prices climb, LTHs are strategically cashing in, with over 200,000 BTC leaving circulation since the latest all-time high. Yet, many are still holding out for even higher prices. ๐
- Spot Bitcoin ETFs have been pivotal, absorbing 93% of the 137,000 BTC sold by LTHs recently, showcasing strong institutional demand.
- However, since November 13th, LTH selling has outpaced ETF inflows, hinting at potential market volatility.
What are your thoughts on Bitcoin's future? Share in the comments!