CryptoQuant CEO: Bear market investors holding Bitcoin for 2 to 3 years have sold about 67% of their positions

2024-07-23 07:55:29

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ChainCatcher news, CryptoQuant CEO Ki Young Ju stated: "If you are selling Bitcoin now, then your holding period for Bitcoin may not exceed 3 years, because veteran holders do not sell.

Bull market investors (holding period of 6 months to 2 years) sold most of their BTC holdings as Bitcoin approached its last historical high;
Bear market investors (holding period of 2 years to 3 years) sold about 67% of their holdings;
Veteran investors who have experienced multiple cycles (holding period of over 3 years) show historical highs in UTXO supply across all age bands."

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Bitcoin holders bear market investors

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