Bitcoin long-term holder supply decline slows 5x
- —Long-term BTC holder supply fell by 21,700 BTC over 30 days
- —A month earlier the decline was 105,900 BTC, a week ago 47,800 BTC
- —The decline has run 5 straight weeks, but the pace slowed about 5x
- —As BTC rose from $76,800 to $81,200, moved coins were sold at a loss
Why it matters: The slowing outflow of coins from long-term holders reduces seller pressure; a reversal to growth would signal a trend change.
Source: Bloomingbit