😂😂A brief explanation:
First: Glassnode defines long-term holders as those who have not moved their assets for 155 days. Therefore, from the most basic data perspective, the increase in long-term holders indicates that the amount of Bitcoin not participating in trading is rising.
This means that when the amount of long-held Bitcoin increases, it often indicates that this group of bitcoin:native holders has little interest in short-term trading; of course, it can be assumed that these investors are "stuck." However, in reality, this explanation that they are "stuck" is incorrect.
For example, are the holders who sold at $69,000 in the last cycle currently at a loss or profit? After all, the long-held Bitcoin has exceeded 14.77 million, which indicates that more than 70% of Bitcoin holders are long-term holders.
Are 70% of long-term holders actively stuck? Obviously not.
From the data perspective, the long-term holders currently have over 10 million coins in profits, which means that over 67.7% of Bitcoin among long-term holders is profitable.
It is indeed true that investors who invested 155 days ago are stuck, but what about those who invested 2 or 3 periods of 155 days ago? The reason long-term holders are long-term holders is that they do not let short-term price fluctuations dictate their actions.
Second: and most importantly, which many friends overlook, the increase in Bitcoin held by long-term holders indicates that this group of investors has not sold Bitcoin:native recently, or that the amount of BTC sold by long-term holders is far lower than the amount of Bitcoin that remains unchanged.
To put it simply, the increase in long-held Bitcoin means they are not selling for the long term, and they are also not selling recently (with recent sales being lower than long-held amounts).
Moreover, some friends do not look closely; the chart provides two data points, one of which is the exchange inventory. The reason it is said that investors are very interested in Bitcoin at the $60,000 to $80,000 range is that the inventory at exchanges in this range has significantly decreased.
Therefore, at the very least, the Bitcoin that is being held long-term is continuously increasing, indicating that more holders are holding Bitcoin rather than trading Bitcoin.

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