Long-Term Bitcoin Holders' Selling Stagnates: A signal to Watch
Long-term Bitcoin holders currently control approximately 12.6 million 
BTC, and historical patterns make this group a key indicator of Bitcoin's market cycle phases.
As Bitcoin approached its new all-time high earlier this year, there was a sharp decline in the holdings of long-term holders. However, this decline has recently stabilized, suggesting a potential turning point.
While this could be a temporary pause, it's valuable to compare this pattern with similar historical periods. The marked periods in 2019 and 2013 show a similar trend, where a multi-month drawdown followed a rally. In both cases, despite the downturns, Bitcoin eventually went on to establish new highs.
BTC, and historical patterns make this group a key indicator of Bitcoin's market cycle phases.As Bitcoin approached its new all-time high earlier this year, there was a sharp decline in the holdings of long-term holders. However, this decline has recently stabilized, suggesting a potential turning point.
While this could be a temporary pause, it's valuable to compare this pattern with similar historical periods. The marked periods in 2019 and 2013 show a similar trend, where a multi-month drawdown followed a rally. In both cases, despite the downturns, Bitcoin eventually went on to establish new highs.
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