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TechFlow reported on December 3 that, according to IntoTheBlock data, the current holdings of long-term Bitcoin holders have dropped to 12.45 million BTC, the lowest level since July 2022. Data shows that in this cycle, long-term holders have reduced their positions by only 9.8%, significantly narrower compared to 15% during the 2021 bull market cycle and 26% during the 2017 bull market cycle.
According to IntoTheBlock data, the current holdings of long-term Bitcoin holders have dropped to 12.45 million BTC, reaching a new low since July 2022. The data shows that in this cycle, long-term holders have reduced their positions by only 9.8%, significantly narrower compared to 15% during the 2021 bull market cycle and 26% during the 2017 bull market cycle.
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