Bitcoin long-term holders reduced balances by 9.8 percent, less severe than previous cycles.
Short-term holders spike during price peaks while long-term holders show consistent resilience.
Exchange outflows increase during rallies and inflows rise during bearish market corrections.
Bitcoin’s long-term holders are slowly selling some of their Bitcoin. Data from IntoTheBlock shows that long-term holders now have 12.45 million BTC, the lowest level since July 2022.
But this drop is less than in previous cycles. In this cycle, long-term holder balances are down 9.8%, compared to the 15% reduction in 2021 and the 26% dip in 2017.
Bitcoin long-term holders are gradually reducing their balances, now holding 12.45 million BTC—the lowest level since July 2022.
So far, this decline is less severe than in past cycles. Long-term holder balances have fallen by 9.8% this cycle, compared to 15% in 2021 and 26% in… pic.twitter.com/eA5Cckrgs4
— IntoTheBlock (@intotheblock) December 3, 2024
Long-Term Holder Balances and Bitcoin Price
Historically, when long-term holder balances go down, Bitcoin prices are high. In the 2018 market cycle, the balances of long-…
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