🚨 The Bitcoin Bubble: Long-Term Holders Show Signs of Sanity 🤑
One would have thought that the long-term Bitcoin holders, those stalwarts of the cryptocurrency world, would have by now abandoned ship, leaving the rest of us to navigate the choppy waters of the market. But no, it seems they’re still clinging to their precious BTC, like a sailor to a life raft. And why not? After all, as the great philosopher, Dolly Parton, once said, “Working 9 to 5, what a way to make a living!”
According to the esteemed firm, Glassnode, these long-term holders have been selling off their BTC in two separate waves, but each time, they’ve been followed by a robust period of accumulation. Ah, the eternal optimists! It’s like they’re saying, “Panic? What panic? I’ll just hold on to my BTC and hope for the best!”
Glassnode also points out that the Bitcoin holders who are on the verge of becoming long-term holders – those who have held their assets for three to six months – are showing increasing reluctance to sell. Ah, the thrill of the chase! It’s like they’re saying, “I’ll just hold on a bit longer, maybe the price will go up!”
And what’s behind this newfound confidence? Well, it seems that many of these coins were acquired during periods when prices were near all-time highs. Ah, the classic “I’ve got a great deal on this Bitcoin, and I’m not selling!”
Moreover, Glassnode reports that Bitcoin selling by holders within the three to six-month range has hit its lowest point in nearly four years. Ah, the sweet taste of victory! It’s like they’re saying, “I told you so! I’m a long-term holder, and I’m not selling!”
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2025-04-02 08:44