Ki Young Ju, CEO of CryptoQuant, wrote: "If you are selling Bitcoin now, you may not hold Bitcoin for more than three years, because veteran holders do not sell."
Bull investors (holding for 6 months to 2 years) sold most of their BTC holdings when Bitcoin was near its last all-time high.
Bear market investors (holding for 2 to 3 years) sell about 67% of their positions.
Veteran investors with multiple cycles (holding for more than 3 years) show all-time highs in UTXO supply across all age bands. "
CryptoQuant CEO: Bear market investors who held bitcoin for 2 to 3 years have sold about 67% of their holdings
2024-07-22 17:33:09
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