🟪 𝐋𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐡𝐨𝐥𝐝𝐞𝐫 𝐛𝐮𝐲𝐬 𝐡𝐢𝐭 $10𝐁 𝐦𝐚𝐫𝐤 𝐚𝐬 𝐩𝐫𝐢𝐜𝐞 𝐬𝐥𝐢𝐩𝐬 𝐛𝐞𝐥𝐨𝐰 $60𝐊 🟪
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Long-term Bitcoin holders have, in total, spent a milestone $10 billion to buy the cryptocurrency and have been pulling back from selling as its price retreats from its 2021 all-time highs, says an CryptoQuant analyst.
> Long-term holders are those who’ve held Bitcoin for over 155 days. Taha ( Quant Analyst ) explained that once holders have crossed the 155-day mark, “the likelihood of selling decreases significantly, meaning these holders are less likely to sell during short-term market fluctuations.”
🔼 Data Credit - CryptoQuant
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