Long-term Bitcoin holders cut reserves by about 345,000 BTC since late July
- —Long-term holder supply fell from 16.41 million to 16.06 million BTC since July 30
- —Holdings dropped 9,000 BTC last week but rose 40,000 BTC over the latest three days
- —Down-day frequency eased from 13 of 15 to 10 of 15 by October 19
- —Unrealized gains estimated near 72% with an average cost basis of about $48,600
Why it matters: A slower pace of long-term holder selling could ease supply pressure on BTC if the trend continues.
Source: DiarioBitcoin
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