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Bitcoin’s long-term holders are moving significant amounts of BTC, raising questions about profit-taking versus strategic reallocation. Glassnode data reveals a $4.02 billion surge in spending by one- to five-year cohorts, the highest since February. Could this signal a deeper market correction or just consolidation?
- Long-term Bitcoin holders (1-5 years) have moved $4.02B, the highest since February.
- Three- to five-year cohorts lead the latest $2.16B outflow, their second-largest this cycle.
- BTC has dropped 4% from its ATH ($111,970), now at $107,540 amid uncertainty over holder motives.
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Related Tags: Bitcoin
Other Tags: CoinMarketCap, Glassnode