Data from Glassnode shows that the supply of BTC from long term investors (LTH) has fallen by an additional 28,000 BTC since October 15, indicating that they are selling more than the amount of coin being “transferred” from short term investors.
On average, the outflow of the LTH group increased from around 12,500 BTC/day at the beginning of July to the current 22,500 BTC/day, reflecting the growing distribution pressure from long-term holders.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Long term Bitcoin supply falls sharply, selling pressure increases: Glassnode
Data from Glassnode shows that the supply of BTC from long term investors (LTH) has fallen by an additional 28,000 BTC since October 15, indicating that they are selling more than the amount of coin being “transferred” from short term investors.
On average, the outflow of the LTH group increased from around 12,500 BTC/day at the beginning of July to the current 22,500 BTC/day, reflecting the growing distribution pressure from long-term holders.