CryptoQuant: BTC Net Flow Shrinks as Long-Term Holders Sell Off Unabsorbed
BlockBeats News, November 7th, CryptoQuant's Head of Research Julio Moreno posted an analysis of this Bitcoin Long-Term Holder (LTH) sell-off and how it differs. He stated that it is a normal occurrence for Bitcoin long-term holders to sell during a bull market. When the price hits a new high, long-term holders usually take profits. The key is whether Bitcoin's demand is growing and if it can withstand selling pressure at a higher price.
For example, from January to March and November to December 2024, as demand increased (green zone), long-term holders' selling increased in sync, driving the price to new all-time highs. However, since October this year, long-term holder selling has increased, but new demand has shrunk (red zone), unable to absorb the supply at a higher price.
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