There have been some interesting dynamics in the Bitcoin market recently! According to CoinDesk, long-term holders (LTHs) of Bitcoin have started to distribute their BTC in large quantities over the past week. Data shows that from mid-September to now, the total amount of Bitcoin held by LTHs has decreased from about 14.2 million to about 13.2 million.
According to Glassnode, on Thursday alone, long-term holders sold nearly 70,000 BTC, marking the fourth largest single-day sell-off this year. This trend may impact the market, but the specific effects remain to be seen. 📉📈
Regardless of market fluctuations, it is always wise to maintain a neutral attitude and approach changes rationally.