Bitcoin long term holder supply hits 8 month low cycle breaks from historical patterns

Repeated distribution waves from long-term holders highlight how this bitcoin cycle is breaking from historical norms. \nWhat to know : Bitcoin long-term holder supply has fallen to 14.34 million BTC, its lowest level since May, marking the third wave of long term holder selling this cycle after earlier distribution around ETF approvals and the move to $100,000 after President Trump's election win. Unlike prior bull markets that saw a single blow off distribution phase, this cycle is characterized by multiple LTH sell waves that have been absorbed by the market.