CryptoQuant Analyst: BTC Long-term Holders' Realized Market Value Surpasses $10 Billion for the First Time

ChainCatcher news, CryptoQuant analyst Amr Taha stated: "The realized market value of long-term holders has exceeded $10 billion for the first time." This means that this group has spent a total of $10 billion to purchase BTC, with this metric considering the last sale price of each BTC. Crypto analysis firm Bitbo noted that the realized market value "is often compared to the regular market value to understand the overall market sentiment."

It is reported that long-term holders refer to addresses that have held coins for more than 155 days. Taha explained that once the holding period exceeds 155 days, these holders "are much less likely to sell, which means they are less likely to sell their positions during short-term market fluctuations."