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Bitcoin – How THIS shift in LTH strategy could push BTC to $120K
Long-term Bitcoin holders are easing off after a week of intense selling. Meanwhile, on-chain metrics confirm that investors have shifted their focus from exiting the market to holding onto their assets. This change in behavior could propel the asset towards an unprecedented rise to $120,000.
Bitcoin’s daily sales from long-term holders have plummeted below $1 billion, marking a significant departure from last month’s consistent high volumes. Furthermore, Glassnode’s report highlights that these investors are increasingly opting for long-term holding rather than selling.
Source: ambcrypto.com
