Bitcoin HODLing Rewards: Long-Term Holders Selling At 326% Profit
Summary
Long-term Bitcoin holders (LTHs), defined as those holding for over 155 days, have recently sold significant amounts of Bitcoin, totaling 827,783 BTC in the past month. This selloff is attributed to their average profit margin of 326%, prompting them to realize gains amid a price surge. Despite this selling activity, Bitcoin's price remains stable around $98,200, indicating strong demand that is absorbing the selling pressure. The current profit levels for LTHs are high but lower than during the 2021 bull run, suggesting potential limitations on future gains. The market dynamics remain uncertain regarding how long the balance between selling and demand will last.
