Bitfinex: Long-Term Bitcoin Holders Barely Sold During Drop From $87K
- —Long-term holder exchange deposits remained minimal during the drop from $87,000
- —Sell pressure likely came from leveraged traders and short-term holders, not long-term holders
- —The metric covers aggregate flows across wallets tracked by Bitfinex, not the entire market
Why it matters: Restrained deposits from the largest supply bloc reduce the risk of sustained structural selling, though a price floor still depends on demand-side flows and macro conditions.
Source: Coincu