Part 1 Advanced The Market Maker’s Exchange Checklist (Liquidity, Latency, and Risk Controls) Market makers and HFT desks: evaluate exchanges on execution quality, liquidity, latency, fees, margin, and security — with a WhiteBIT walkthrough. Open guide This article is more than 2 years old...
Resistance at roughly $28.6k could last a while as long-term holders take profits
Long-term holders are taking profit for the first time since May 2022 — causing potential for a long-drawn resistance at roughly $28.5k.
Quick Take
- Long-term holders are defined as holding Bitcoin for six months or longer.
- This cohort is spending at a profit for the first time since May 2022.
- The spending cost basis of LTHs is roughly $28,600; due to the magnitude of this bear market, it is understandable profits are being taken.
- LTHs have currently spent around 100,000 Bitcoin in the past few days.
- A similar pattern can be seen in 2019 when emerging from the bear market.



















