Bitcoin Diamond Hands Weaken As HODLers Sell 669,000 BTC
Summary
Bitcoin long-term holders, who have held their coins for over 155 days, have transferred 669,000 BTC in the past month. This is a significant sell-off, equivalent to around $44.7 billion. The net position change for these holders has turned deeply negative, indicating a large distribution of coins. This trend has been observed during previous bull rallies as well. Despite the recent sell-off, Bitcoin's price is attempting to recover, reaching around $67,000.
