$ETH
ETH
3,031.44
-1.72%
Stop looking, this is the real reason for the continuous decline!
Recently, an unusual phenomenon has occurred in the Bitcoin market: the number of chips held by long-term holders (those holding coins for more than six months) has decreased in tandem with the price. This breaks the conventional understanding — typically, long-term holders gradually take profits in a bull market and choose to hibernate during downturns. So, who exactly is selling against the market trend? On-chain data provides key clues.
Who is continuously selling during the decline?
Investors holding coins for 3-5 years sold a huge amount in a single day
Recently, there was a single-day sale of $4.37 billion on-chain, primarily from the group holding coins for 3-5 years. However, this behavior is highly concentrated and is likely the independent operation of a single entity (such as an institution or fund), not representative of the broader market.
Who is continuously selling during the decline?
Investors holding coins for 3-5 years sold a huge amount in a single day
Recently, there was a single-day sale of $4.37 billion on-chain, primarily from the group holding coins for 3-5 years. However, this behavior is highly concentrated and is likely the independent operation of a single entity (such as an institution or fund), not representative of the broader market.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
