😏Long-term BTC holders have already sold 550k coins, but they may sell another 163k — Van Straten.
How long will this selling pressure last❓
• What is noticeable from previous bull markets in 2017, 2021, and early 2024 is that the percentage drop becomes smaller with each cycle.
• In 2017, the percentage drop was 25.3%, in 2021 it reached 13.4%, and at the beginning of this year it was 6.51%. Now it stands at 3.85%. If this rate of decline were to continue, it would lead to a drop of another 1.19% or 163,031 BTC, which would increase the cohort supply to 13.54 million BTC.
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