The holdings of long-term Bitcoin holders have dropped to 12.45 million coins, marking a new low in 2022.

According to Foresight News, data from IntoTheBlock shows that the current holdings of long-term Bitcoin holders have dropped to 12.45 million coins, marking a new low since July 2022.

The data shows that in this cycle, the reduction in holdings by long-term holders is 9.8%, which is significantly narrower compared to 15% during the bull market cycle of 2021 and 26% during the bull market cycle of 2017.