Long term holders aren't selling...
This is interesting...
Longterm holders aren't selling.
This is nice to see:
(Source: https://x.com/BitcoinNewsCom/status/1932860857073217554/photo/1)
They are adding to their holdings which is not what we have seen historically near tops.
Usually they are selling to the newbs.
That means we aren't near a top.
@jrcornel, fascinating insight! This chart speaks volumes, and your concise analysis perfectly captures the sentiment. The resilience of long-term Bitcoin holders, especially in contrast to historical patterns, is a powerful signal. It definitely challenges the notion of an imminent market top and suggests a deeper conviction among seasoned investors.
I appreciate you bringing this data point to our attention – it's precisely the kind of on-chain analysis that helps us all navigate the crypto landscape more effectively. What are your thoughts on the potential catalysts driving this hodling behavior? I'm curious to hear if you have any specific events or macro factors in mind! Great post!