Glassnode explained the series of analyzes on the series how investors who bought at the Bitcoin summit show the condemnation, not condemnation.
From 3 to 6 months, the bitcoin buyer was old
In new mail In X, Glassnode discussed the group of analyzes in the series of a couple of Bitcoin investor groups. One of these groups is the “Long -term” group (LTH), which includes BTC investors who have bought their coins for more than 155 days.
Statistically, the longer they maintain their coins, the less likely to transport coins at any time. As such, LTHS with the tangible time is the firm side of the market.
Although these investors can be called “diamond hands”, it is not as if they never participate in any sale at all. In fact, during two sales waves at the current session alone, the group distributed a total of 2 million BTC.
The trend in the supply held by the LTHs over the last couple of years | Source: Glassnode on X
From the above graph, it is clear that the first LTH sale was followed by a period of accumulation, which re -presented the group to almost the same level as it was before the distribution wave.
The second distribution phase, which occurred between October 2024 and January 2025, follows a wave of accumulation, as the LTH show has risen over the past two months. “This periodic balance may be the stability of price procedures,” the analysis company notes.
Something should be noted that the higher the LTH width, it does not represent any purchase that happens in “Now”. Instead, he explains that some accumulation has occurred 155 days ago and that these coins have been kept for a long time enough to become part of the regiment.
This five -month pieces put the latest LTH acquisition point at the end of November, which means that the recent increase in the index is linked to the purchase that occurred during the BTC gathering to prices exceeding $ 90,000. Many November buyers should now be red, but these investors have continued to keep them, and have won their title as Hodlers.
Part of investors who should be under more intense pressure is the group for 3 months to 6 months. This regiment is its owners who move to LTHS. Many of these investors would have bought or near the high price (ATH), so they could be remarkably underwater today.
Interestingly, these investors were subjected to a strong condemnation recently, as the amount of wealth they maintain had increased only while the bitcoin price continues in the struggle.
The Realized Cap of the 3 months to 6 months cohort | Source: Glassnode on X
Of course, the weak hands that entered during the Bitcoin summit had already surrendered long ago and never mature in a range of 3 months to 6 months, but it is still important that those who left the fluctuations of the market.
BTC price
At the time of this report, Bitcoin is trading of about $ 84,300, a decrease of more than 3 % in the past seven days.
Looks like the price of the coin has been moving flat recently | Source: BTCUSDT on TradingView
Distinctive image from Dall-I, Glassnode.com, Chart from TradingView.com
Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each page is subject to a diligent review by our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.
