**Bitcoin Long-Term Holders Hit $10 Billion Milestone**

Long-term Bitcoin holders have collectively spent $10 billion on the cryptocurrency and are pulling back from selling as prices dip to 2021 highs, according to CryptoQuant analyst Amr Taha.

- **Realized Capitalization**: For the first time, the realized cap of long-term holders has exceeded $10 billion. This metric reflects the price at which each Bitcoin was last sold.

- **Holding Patterns**: Long-term holders, defined as those holding Bitcoin for over 155 days, are less likely to sell during market fluctuations. Selling pressure from these holders has decreased 3.7 times since Bitcoin started trading below $69,000 on July 30.

- **Current Market**: Bitcoin is trading at $59,404, down 5.47% in the last 24 hours and 0.11% for the week. This is 8% lower than the average price paid by long-term holders.

- **Market Sentiment**: Some traders believe Bitcoin could see further downside, forcing long-term holders to wait for better profit opportunities. The $50,000 level is seen as crucial support; if it breaks, Bitcoin may enter an uncertainty zone.

A June Glassnode report noted that around 75% of all circulating Bitcoin hasn't moved in over six months, indicating strong holding behavior.

*Disclaimer: This article is for informational purposes only and does not provide investment advice. Always conduct your own research before making investment decisions.*