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Bitcoin OGs stop selling
📌 What happened?
Selling activity from Bitcoin holders who have held for five years or more has fallen to a 19-month low, around a cost basis near $63,200.
📌 What does it mean?
Long-term holders appear unwilling to distribute coins at current prices. Historically, these holders often have a strong influence on supply dynamics because they control a large share of circulating BTC.
📌 My opinion
What interests me is that experienced holders are becoming less active during weakness. Whether this marks a bottom or not, reduced selling pressure from long-term holders is usually a healthier signal than short-term speculation.
$BTC #Get2SharesOfSKHynixAtZeroCost #BTCProbes60KKeySupportLevel #WorldCup🇺🇸vs🇹🇷 #TradFiCFDGoldMasters #StakeUSD1Earn9.48%APR