Long-term holders hit all-time high – roughly 5 months after FTX collapse

2023-4-28 14:20

Quick Take Glassnode defines long-term holders (LTH) as holders of Bitcoin (BTC) for 155 days. 155 days ago would put us around November 23, 2022, after the collapse — We should now expect to see coins changing into LTHs. LTH supply is now at an all-time high of 14,282,817 million Bitcoin. While the 30-day net position change of LTHs is at a year-to-date high, accumulating 161,000 Bitcoin in the past 30 days. The unrealized realized price distribution (URPD) metric: the supply is shown in the price bucket — at which the respective entity has (on average) acquired its coins. As you can see, most coins acquired at $15,500 have now turned blue — indicating LTHs. LTH: (Source: Glassnode) LTH: (Source: Glassnode) URPD: (Source: Glassnode)

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Divergence between long-term and short-term holders could set up a bullish squeeze

Quick Take Long-term holders are defined as holding longer Bitcoin for more than 155 days, which would be from at least December 7th, 2022. Currently, 14.3 million Bitcoin are held by long-term holders, which is an all-time high; they bought relatively near the bottom of the cycle and have already been held through a banking […] The post Divergence between long-term and short-term holders could set up a bullish squeeze appeared first on CryptoSlate.

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