The post Bitcoin’s Bull Run On Horizon As Long-Term HODLers Remain Strong! appeared first on Coinpedia Fintech News
A noteworthy trend among Bitcoin’s Long-Term Holders (LTH) shows minimal selling activity since the price peak was around $73,000. Currently holding approximately 1.3 million BTC, these LTH have a significant cash reserve, enabling them to delay their buying decisions until the market reaches a more favorable price point.
This substantial holding by LTH and their current spending restraint suggests a potential build-up of buying pressure. When LTH decide to re-enter the market at lower price levels, this could catalyze an upward movement in Bitcoin’s price, contributing to a bullish outlook.
