Long-term holders often transfer BTC between their own wallet addresses. Therefore 67% is a very conservative estimate for long-term holding.
BREAKING: A record high 67% of all existing BTC has not moved in over a year.
Bear markets create strong holders, strong holders leave few sellers, few sellers result in a lack of sell side pressure, and a lack of sell side pressure leads to 📈 when ANY buyers step in.
https://pbs.twimg.com/media/Fp-14DCXwAQy0Xn?format=jpg&name=large
Discussion
Agree.