Is Bitcoin Top Coming? Smart Money Holds the Keys

Bitcoin’s “smart money”,  long-term holders who bought between 2019 and 2022, still control a massive chunk of Bitcoin’s supply. If Bitcoin prices surge, these long-term holders could trigger a fresh wave of selling pressure, potentially capping the rally, warns Glassnode. Holds Large Share of Bitcoin Supply According to Glassnode, addresses holding Bitcoin for 3 to 5 years now control 11.9% of the total supply. This group is closely watched because they often time their sales to maximize profits, signaling key profit-taking phases. Their holdings reached a peak on November 9, 2024, at 15.7%, the highest level since March 2017.

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