Bitcoin: THIS group refuses to sell – Are more gains on the way?

• The long -term Bitcoin holder spends the puffs for a two -week minimum.
• Long -term holders aggressively stack despite market voices, reflecting high market convictions.

For the first time in two weeks, Bitcoin [BTC] He recorded significant profits for three consecutive days. The BTC has risen from the local minimum $ 98,000 to $ 106,000, which recovers upside down.

Although the BTC has made significant recovery and restored profit margins for both STHS and LTHS, long -term investors look at other profits. Given that long -term holders of Bitcoins refused to sell.

Bitcoin expenditure LTHS.

According to Glass nodeExpenditure of long -term holders was at a time of two -week minimum.

When Bitcoin recovered from the recent slump, Lths Bull’s sentiment rose sharply. This group has He continued to hold his position, offering 14.7 million BTC at almost all times.

The ongoing market behavior reflects ongoing beliefs, because seasoned investors are reluctant to distribute despite the recent market volatility.

Instead of selling, LTHS continues to accumulate, as evidenced by the change of Hodler with Bitcoin.

After holding negative for almost two months, this metric has become positive over the last week and hit 10.33 K BTC, signaled massive accumulation.

Historically strong LTH accumulation has marked the ideal shopping zones in front of the main rise.

This is because their continuing stacking motivates other market participants to re -enter the market, which strengthens demand.

Similarly, the ratio of Bitcoin Rhodl was around 2.7 hp at the time of printing, reflecting high long -term beliefs compared to short -term speculative interest.

What does it mean for BTC

As expected, reduced expenditure and accumulation of LTHS positively influenced BTC, which caused the king of the coin to be made a strong recovery and reached a maximum of $ 106.8,000.

Bitcoin’s long -term reluctance to distribute signals of strong bull sentiment between the group. Such conditions allow BTC to record more profits, as it will face less sales pressure from LTH in the foreseeable future.

In addition, growing LTHS stacking means that they actively absorb sales pressure from sth and other profit recipients. Therefore, if the convicted market holds from LTH, Bitcoin will make more profits.

The continued rise after a recent escape will see BTC for the first time to get $ 107,000 and then about Eye $ 109,457. However, if Sentiment turns out of LTHS and starts distribution again, the sale of pressure will pull the BTC back to $ 104,348.