Long-term Bitcoin holders cash in with profits nearing $100M

exchange68September 12, 2024

0 1 2 minutes read

“Bitcoin’s long-term holders, those who have retained their assets for over 155 days, have recently cashed out profits nearing an impressive $100 million mark. This significant trend hasn’t been seen since the peak in April this year. But what happened after the SVB collapse in March, when Bitcoin was trading below $20,000, paints a different picture entirely. The shift in cryptocurrency holding and trading is taking an intriguing turn, and this scenario presents a crucial juncture. But what does this mean for the future of Bitcoin…?”

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