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Long-term #Bitcoin holders are selling, but let's elaborate on which groups are selling because, lately, it's often thought that long-term Bitcoin holders are mostly selling OGs, or very old holders.
However, this isn't the case. There are OG sales, but the LTH market isn't generally OG sales. I saw numerous posts about this, so I wanted to elaborate.
Six-month and one-year wallets, in particular, became aggressive sellers as of October 6th, reaching peak levels.
The selling before October 6th was perfectly normal because the price was rising, and it was normal for them to sell as the price fell, which was an inverse correlation.
However, it wasn't good for them to continue selling while the price was falling.
#BitcoinPriceWatch