CryptoQuant analyst: BTC long-term holders have achieved a market value of over $10 billion for the first time

CryptoQuant analyst Amr Taha wrote: "The realized market value of long-term holders exceeded $10 billion for the first time." This means that the group spent a total of $10 billion to buy BTC, and this indicator takes into account the price at which each BTC was last sold. Crypto analysis company Bitbo said that the realized market value "is often compared with the regular market value to understand the overall market sentiment." It is reported that long-term holders refer to addresses that hold coins for more than 155 days. Taha explained that once the holding time exceeds 155 days, these holders "are much less likely to sell, which means they are less likely to sell their positions during short-term market fluctuations." (Cointelegraph)