Bitcoin – How THIS shift in LTH strategy could push BTC to $120K
Main Idea
Long-term Bitcoin holders are reducing sales and shifting back to holding, potentially driving BTC toward $120K as market activity shows signs of bullish accumulation.
Key Points
1. Bitcoin daily sales from long-term holders have dropped, with buy activity gradually returning to the market.
2. Trading volume surged 32.95% to $79 billion, indicating increased market activity.
3. Long-term holders have shifted from offloading $1 billion worth of Bitcoin to accumulating $51 million in the past day.
4. Binary CDD and Fund Flow Ratio data show reduced Bitcoin movement to exchanges, suggesting a holding trend.
5. The spot market appears bullish, with a notable shift from a $242 million sell-off to accumulation.
Description
Long-term Bitcoin holders are easing off after a week of heavy selling.
Latest News
- BlackRock’s Bitcoin ETF hits $91B AUM despite BTC pullback – Details2025-08-15 13:03:14
- TRON – Why THIS metric says TRX could hit $0.4 next2025-08-15 11:04:08
- SHAKA is back in Biarritz: the 4th edition of France’s coolest New Tech Festival2025-08-15 10:46:57
- BtcTurk halts withdrawals after $48M crypto hack sparks panic!2025-08-15 08:18:22
- SpaceX’s Bitcoin holdings top $1 billion after BTC’s latest ATH – All the details!2025-08-15 07:04:58