Odaily Planet Daily News According to CryptoQuant data, during this decline, approximately US$2.4 billion worth of Bitcoin with a holding period of 3-6 months was transferred. Analyst Cauê Oliveira noted that this represents selling pressure on some entities that bought at the beginning of the year. “Perhaps speculators targeting Bitcoin ETFs and halving expectations are being purged.” On the other hand, entities older than a year have yet to adopt a more significant selling pattern, indicating that true long-term holders are still holding on to Bitcoin. .