“Bitcoin Long-Term Holders Dumping BTC? Experts Say ‘No Sweat!'”

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Here’s the Deal:

  • “Long-term” BTC holders, aka wallets that have been hoarding BTC for over 155 days, are finally letting go of coins. Analysts are calling this a “bullish” sign. Go figure!
  • The amount of BTC on exchanges is dwindling, suggesting a potential “supply crisis.” But don’t panic, it’s probably just those ETFs sucking up all the BTC.

Imagine if you saw stock market investors dumping their stocks. You’d think, “Uh-oh, here comes the market crash!” But in the wild world of crypto, it’s the exact opposite.

Analysts are saying that long-term investors offloading their BTC is a sign of an impending “bitcoin rally.” Because, you know, nothing says “bullish” like selling off your assets.

The total BTC supply held by these long-term investors has dropped to about 13 million. That’s a lot of BTC changing hands. don’t worry, it’s just the short-term traders snapping up the long-term holder distribution.

However, the long-term holders are slowing down their selling pace. They’re taking a more “measured approach” to selling. Because who doesn’t love a good, slow-motion sell-off?

Exchange Balance: A Vanishing Act

The amount of BTC on exchanges has dropped to 2.7 million from 3 million about six months ago. But don’t get too excited, it’s probably just the BTC moving into ETFs.

Yes, you read that right. The BTC is moving into ETFs, these “alternative investment vehicles” that are just as liquid as actual BTC. Because who needs actual BTC when you can have ETFs, right?

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2025-01-30 09:16