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Significant Bitcoin Outflow from Long-Term Holders Observed

01/09 16:44

According to Foresight News, data from Glassnode indicates that approximately 97,000 bitcoins were sold by long-term holders on Friday. Analyzing the duration of holdings, the majority of these bitcoins came from three specific holding periods. Around 34,500 bitcoins were sold by holders who had kept them for 1-2 years. Those who held their bitcoins for 6-12 months sold approximately 16,600 bitcoins. Additionally, holders with a duration of 3-5 years sold about 16,000 bitcoins. These three holding periods collectively accounted for roughly 70% of the total bitcoin outflow from long-term holders.

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