Long-Term Bitcoin Holders Are Finished Dumping Their Coins: Analyst
Bitcoin HODLers appear to have finished taking profits from their long-dormant coins after an early-year rally pushed them far into the green, according to a popular crypto market analyst.
In a Monday X post, TXMCtrades said that the market has “likely absorbed the majority of the Long-Term Holder supply we will see activated in this run.”
“As in every cycle, old supply came to life at the highs to pay itself for years of enduring risk,” he explained.
As in every cycle, old supply came to life at the highs to pay itself for years of enduring risk. That we know GBTC was 1/3rd of it doesn't alter the cyclical footprint.
The hodler cohort is typically in accumulation at all times except parabolic bull runs. Their role- the… https://t.co/h7of1iinTm pic.twitter.com/d7wYATfq87
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