馃攳 Bitcoin Update: Long-term holders (LTHs) have been offloading their BTC, contributing to a price dip of around $94,500, 13% below its record high. 馃搲
- LTHs, who typically sell when prices rise, have reduced their holdings by 1 million BTC since mid-September.
- On Thursday, 70,000 BTC were sold, marking the fourth-largest one-day sell-off this year.
- Short-term holders (STHs) have stepped in, accumulating around 1.3 million BTC recently.
With 19.8 million tokens circulating, keep an eye on these dynamics for future price movements. What are your thoughts on this trend? Share in the comments!