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News Explorer — Long-Term Holders of Bitcoin Tighten Their Grip Awaiting the Next Bull Run

Generated by AI, curated by humans


May 6, 8:00 pm
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Long-Term Holders of Bitcoin Tighten Their Grip Awaiting the Next Bull Run

Glassnode's analysis shows that the sell pressure on Bitcoin has significantly decreased, with long-term investors holding onto their BTC for longer periods. The "Value Days Destroyed (VDD) Multiple" metric has cooled down, indicating a shift back to accumulation mode. Long-term holders are waiting for higher prices before selling, resulting in a lack of supply and potential demand bids.

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