The Bitcoin ecosystem is observing the largest disparity on record between its long-term and short-term holders.
As per data from Glassnode, coins held by long-term entities (tagged as such based on holding for longer than 155 days, a number that aligns with when Bitcoin regained $30,000) have been on a consistent uptrend since mid-2021. Marked by a trough at the height of the previous bull run, investors with longer time horizons have accumulated nearly 15M BTC.
This contrasts with traders with shorter timeframes, who peaked in mid-2021. Their holdings have plummeted since then and are approaching the 2.3M mark, a level last seen a decade ago.
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#undefined [Source: TheDefiant]