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Bitcoin long-term holders locking in profits could lead to BTC price pullback Bitcoin long-term holders locking in profits could lead to BTC price pullback

Bitcoin long-term holders locking in profits could lead to BTC price pullback

with insights from Glassnode

Long-term holders are selling their Bitcoin, racing to lock in profits for the first time since May 2022 as Bitcoin surges past $28,000.

Bitcoin long-term holders locking in profits could lead to BTC price pullback

Cover art/illustration via CryptoSlate

The crypto industry is gradually leaving the bear market, and long-term holders (LTH) are instrumental in shaping its future. Our in-depth analysis uncovers a significant shift in LTH behavior as they begin selling their Bitcoin holdings for the first time since May 2022. But what does this mean for the market, and how will it impact Bitcoin’s price? Discover the intriguing pattern of LTHs and the one decisive factor that could potentially…