Bitcoin Sell-Off Intensifying among Long-Term Holders, Research Finds

[Jentot]

Bitcoin Sell-Off Intensifying among Long-Term Holders, Research Finds

Investors who have held Bitcoin for a longer timeframe are now selling it to secure immediate profits, according to Glassnode.The on-chain intelligence platform studied Bitcoin entities and the supply they hold in their wallets. It later divided the outcome into two categories: Long-Term Holders and Short-Term Holders
As Glassnode explained, the Long-Term Holders, or LTH, are those wallets that have held Bitcoin for more than 155 days in a row. Similarly, the Short-Term Holders (STH) refers to those wallets that transferred their Bitcoin tokens to other addresses within the first 154 days after purchasing them.

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