On Sep. 12, Bitcoin surpassed the $26,000 mark after stagnating around $25,000 for an extended period. Though this price movement has brought a hint of optimism to the market, an analysis of the behavior of long-term holders is crucial for a comprehensive understanding.
Long-term holders (LTHs) are investors who retain their Bitcoin for over six months. Their holding or selling patterns are pivotal in determining market sentiment. The actions of this group offer insights into the overall confidence level in the market and potential price movements.
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