Ongoing Profit-Taking Could Slow Bitcoin’s (BTC) Move To Record High

Carmen Brooke Martin October 17, 2024

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Long-term holders (LTH), defined by Glassnode as those holding coins for at least 155 days, could be the ones taking profits. They are living up to their reputation of being smart traders who buy when prices are depressed and sell into a rising market. Currently, LTHs hold only 500,000 BTC at a loss, which is a small fraction considering they hold 14 million BTC as a cohort.

Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry.What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content.As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.