Are the $43 billion puppies in trouble?
Long-term Bitcoin holders continued to shed their assets last month, selling more than $43 billion worth of BTC.
The profit-taking wave “red oplit ovvestb” and the investigation of the market investor and the farmer has been tested in the whole market. However, analysts argue that this is not a sign of the upper part of the market.
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Long-term carriers will buy Bitcoin when demand is flat
From CrypopQuestues, the long-term biracon holders If you have loaded approximately 405,000 BTC over the last month At the selected value of the bill of $ 43.
In 2024 We saw similar situations in March, and on December 24 / January 2025, “Bitcoinssus added.
The trend is an example of the new default movement. In October 13,004 B.C. It is sold in 1954 BC. He identified the address of the first bitcoin known to be sold. This is on top of the 1,200 BCC sent to Crack last weekend. 1/200 B.M.
Yesterday, Banesbok said that many large workers have a large volume, adding to the pressure to sell more to the market.
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As the coins continue to move to exchanges, institutional demand for Bitcoin will cool rapidly. For the first time in seven months, net institutional gains fell below the day's supply.
At the same time, the exchange traded funds for bitcoins (ETFS) have slowed down. Over the past three weeks, the largest Bitcoin ETF has traded below 600 BTH and 600 BMC in weekly nets.
Analysts say this imbalance is a key factor behind Bitcoin's entry price, which is fueled by weakening demand.
“The
Instead of looking at the long-term distribution / cost, I want to look at the supply at a high price. A few weeks ago, the answer was no,” said Julie Henney, head of research, “with regard to Julio Magpoja.
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Gnome is on the doldrums for a long time, while the demand for Bitcoin is growing and is below the historical trend.
Analysts issued an excursion: If seen as a normal stock market rotation
Don't see all the analysis as a sell wave as a bearish signal. Some door marketing cycles are a common strategic re-promotion method. It is the unscrupulous “ogs” and long-term owners who transfer the coins into the hands of traditional finance and institutional investors, who buy on behalf of many retail clients.
“The thing is- this doesn't mean the ‘top is in' as we see this sort of selling from long term holders during every bull cycle and price is holding up very well despite the sell pressure because of the inflows from non-OG buyers,” the analyst wrote.
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Chain researcher Willie Wei reinforces this optimism. In a recent analysis, it was observed that the long-term ownership of the naturally owned supplies during the Berkshire markets.
“A long-term companion. The definition is that in wallet providers, any coin that is more than 5 months will be rotated in the total investors, and in 2025, it is a criminal rotation to start the Mexist company,” he said.
Despite these promising interpretations, Birkon continues to hold the entry lights. Benikist markets data shows that the price slipped more than 6% last week.
At the time of writing, BTC has gained 0.45% at $107,046 in the last 24 hours.
