According to Foresight News, as monitored by glassnode, the group of Bitcoin holders with 3 to 6 months of holding, who are about to become long-term holders, have seen significant growth in their coin profitability. Most of these holders bought at high price levels, and as their holding time extends, it indicates their firm commitment to holding rather than panic selling. Additionally, the trading activity of 3 to 6 month holders is at its lowest level since June 2021, and new whales are maintaining their positions instead of selling. These series of behaviors collectively stabilized the Bitcoin price.
Bitcoin 3-6 month holders’ trading activity drops to lowest level since June 2021
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