According to the latest data from GlassNode, the recent drop early this morning was not due to a sell-off by long-term holders. The data for bitcoin:native held for more than 1 year indicates that there have been no signs of selling lately; instead, there has been an increase in holdings, meaning that long-term holders have not only refrained from selling but are also continuing to accumulate.

PS: Just in case some friends don’t understand, I’ll explain this data again. It doesn’t mean that only Bitcoin held at this time last year counts as long-term holders; BTC purchased by long-term holders, with an average holding period of over a year, is also included in this data.

Therefore, the increase in this data indicates that long-term holders have not sold and may still be continued to buy,

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