Summary
- Long-term holders of Bitcoin have recently increased their spending volume, showing active movement in the market.
- Glassnode indicated that the movement of long-term hoarded Bitcoin suggests position adjustments and the possibility of profit realization by whales.
- Currently, Bitcoin is trading down 0.94%, indicating that investors need to pay attention.
It has been observed that the movement of long-held Bitcoin (BTC) has become active.
On the 28th (local time), Glassnode reported on X (formerly Twitter) that "the spending volume of Bitcoin held for 1-5 years recently reached $4.02 billion, the highest since February this year," and "particularly, Bitcoin held for 3-5 years accounted for more than half of the spending volume." Spending volume refers to the scale of Bitcoin that had not moved for a certain period and has now been transferred.
Glassnode further stated, "The increase in the movement of long-term hoarded Bitcoin may suggest position adjustments and profit realization by whales," urging investors to pay close attention.
As of 5:33 PM, Bitcoin is trading at $108,605 on the Binance USDT market, down 0.94% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
![[Exclusive] KakaoBank meets with global custody heavyweight…possible stablecoin partnership](https://media.bloomingbit.io/PROD/news/a954cd68-58b5-4033-9c8b-39f2c3803242.webp?w=250)
