Bitcoin Price Hits Record High: Short-Term Holders Sell, Long-Term Holders Distribute

Bitcoin’s record price surge past $111,000 has triggered significant changes in the behavior of its holders, as observed through on-chain data. While short-term holders (those holding for under 155 days) are selling their holdings to lock in profits, long-term holders seem poised to distribute their Bitcoin. This shift in holder dynamics raises concerns about increased market volatility and potential distribution of assets.