Long-term holders have been a major selling force in every Bitcoin cycle, but unlike past cycles, their pattern changed this time.
Historically, LTHs only began distributing after Bitcoin entered a parabolic phase. This time, they’ve been steadily selling ever since the bull run began in late 2024.
Their mindset makes sense: 🔹 Institutional liquidity now allows them to sell large amounts with minimal slippage 🔹 The failed “supercycle narrative” of 2021 and the subsequent deepest crypto winter left deep scars, many prefer to front-run the peak rather than risk another brutal drawdown
This shift in psychology has been a key driver of the persistent LTH selling trend visible in the chart below.
This comes at a time of political turmoil and escalating fiscal crisis in Japan.
If we compare the price movements of CHF/USD and JPY/USD over the past few months and overlay them with the movements of gold and silver, we can see that the safe-haven appeal of the JPY has been weakened by increased political and economic uncertainty in Japan.
While CHF has become one of the few ideal safe-haven currencies, investors are also increasingly turning to gold and silver as alternative backups (i.e., debasement trading). The current situation differs significantly from the long-standing experience and common sense of the FX market, but patterns still exist.🧐
Look at the exchange coins , $BNB , $OKB , $BGB . Most of them are expensive at the moment.
After going through the previous FUD, they showed a way of handling it that made investors feel more secure when investing in it. I believe that in the future, BYBIT will continue to grow and that will make the price of #MNT skyrocket.
It may not be as good as BNB but it is still a good choice.