Bitcoin: Top Buyers Becoming Long-term Holders, Increasing Market Volatility?

A recent analysis by on-chain analytics firm Glassnode reveals a significant shift in Bitcoin’s market dynamics. While long-term holders (LTHs), those who hold BTC for over 155 days, remain profitable overall, a new group of buyers is transitioning into this category. These investors, known for buying near or at recent price peaks, are now becoming LTHs themselves. As they settle into these long-term positions, their actions could trigger market volatility. Glassnode highlights that the balance between those already profitable and those potentially facing losses as they transition to LTH status is a key indicator of potential market instability.