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Sujit Kumar
Dec 7, 2024
by Sujit Kumar

Bitcoin Long-Term Holders: Trends Amid 4.5% Price Correction

Bitcoin Long-Term Holders

Table of contents

  1. What This Means for Bitcoin
Bitcoin recently experienced a 4.5% pullback from its all-time high (ATH) above $100,000, achieved on Thursday. Long-term holders (LTHs)—those retaining Bitcoin for over 155 days—are once again at the center of attention. Their behavior, including accumulation and distribution, significantly impacts market trends.

Historical Patterns and Market Insights

CryptoQuant analyst Datascope highlights the role of the LTH accumulation/distribution ratio, an on-chain metric indicating market sentiment. When LTHs accumulate Bitcoin, it typically signals market bottoms, while increased distribution during price peaks often precedes corrections.

Historical data from 2013 and 2017 shows that heightened selling activity by LTHs coincided with major price corrections. In contrast, periods of intense accumulation, such as 2019 and 2020, preceded robust bull markets.

What This Means for Bitcoin

Recent metrics suggest a shift in LTH behavior, potentially signaling the start of Bitcoin’s next phase. Analysts are closely monitoring whether these holders will resume accumulation or continue to distribute, a factor that could influence Bitcoin’s trajectory in the coming weeks.

As Bitcoin remains near its record levels, the actions of long-term holders could offer valuable clues for traders and investors navigating this volatile market.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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Bitcoin Long-Term Holders
Bitcoin Long-Term Holders: Trends Amid 4.5% Price Correction
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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