Bitcoin’s Record Rally: Long-Term Holders Maintain Unwavering Conviction

Bitcoin has hit a new record high, surging over 47% from recent lows. While this dramatic price increase often prompts profit-taking from short-term investors, a closer look reveals an intriguing phenomenon: long-term holders are holding firm. This surprising behavior is highlighted by on-chain metrics that offer valuable insights into the current market dynamics. 47% surges suggest the potential for profits, but do these gains translate to action? We’ll delve into why long-term holders may be reluctant to sell and what it means for the future of Bitcoin.