Is This Historical Bull Run Pattern Finally Forming For Bitcoin?
Summary
Bitcoin Long-Term Holders (LTHs) have recently reversed their trend, selling approximately 200k BTC since the beginning of the year, marking nearly 3 months of consecutive net decreases. This behavior is typical for bull markets in the past. The LTHs had also stopped accumulating and started selling during the 2021 bull run. Currently, Bitcoin is trading around $51,000, down 2% over the past week.
