Bitcoin long-term holders, Selling movement is minimal...Suggests Unprecedented trust

On-chain analytics firm Glassnode recently reported that the selling activity of Bitcoin long-term holders (LTH) remains at an extremely low level. The current total holdings of long-term holders is about 14.7 million BTC, which is close to the highest level ever.

This is interpreted as a signal that long-term investors are maintaining their positions despite various market variables such as recent geopolitical risks in the Middle East, changes in US interest rate policy, and ETF flows. Glassnode analyzed, “The minimal selling movement of long-term holders shows strong confidence in the market and a belief in Bitcoin's mid-to-long-term value.”

In the market, it is believed that this strong holding tendency of LTH can act as a key factor supporting the price floor. Also, lower activity compared to short-term holders is read as a signal that Bitcoin is gradually establishing itself as a mature asset class.