Long-term Bitcoin holders $BTC are slowly selling part of their bitcoins. Data from IntoTheBlock shows that long-term holders now hold 12.45 million BTC, which is the lowest level since July 2022.
However, this decline is less than in previous cycles. In this cycle, the balances of long-term holders have decreased by 9.8% compared to a 15% reduction in 2021 and a 26% drop in 2017.
