Bitcoin long term holder supply hits 8 month low, breaking historical cycle patterns

Bitcoin (BTC) long term holder (LTH), supply has fallen to an eight month low of 14,342,207 BTC, a level last seen in May, which has coincided with bitcoin falling almost 40% from its October all-time high. Glassnode defines a long term holder as an entity that has held bitcoin for at least 155 days, placing the current cohort cutoff around mid July, so any buyer then and has held would be classified as a LTH. This decline marks the third distinct wave of LTH distribution in the current cycle since early ...