Recently, there has been an interesting phenomenon—the continuous selling pressure on Bitcoin for half a year has finally subsided.
After checking CryptoQuant's data, I realized that the main drivers of this decline were actually long-term holders. Those holding over 155 days old coins reduced their holdings from 14.8 million coins in mid-July last year to 14.3 million in December, selling a total of 500,000 BTC.
This prolonged half-year sell-off has truly come to a halt in recent days. Not only has it stopped, but there are also signs of sporadic accumulation. Honestly, when even the most steadfast "diamond hands" feel there's no need to sell anymore, the credibility of this bottom significantly increases.
Currently, I am adjusting my positions in preparation for market changes. When it comes to trading, you still need to find a reliable tool—rather than those flashy, feature-packed platforms, at this stage, a platform that offers solid trading depth and user experience is truly useful. If the bottom holds, the choice of tools becomes even more important.
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SleepyValidator
· 7h ago
Diamond hands are no longer selling; this is truly the bottom, right?
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ruggedSoBadLMAO
· 01-11 13:38
Diamond hands are starting to accumulate, this wave is really different
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OnChainArchaeologist
· 01-11 10:52
Diamond hands are no longer selling, this signal is indeed strong enough.
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ETHReserveBank
· 01-11 10:51
Diamond hands are starting to accumulate, is this really the final bottom?
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MagicBean
· 01-11 10:34
Diamond hands are starting to accumulate, this bottom definitely has some flavor.
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GateUser-c802f0e8
· 01-11 10:29
Diamond hands are starting to accumulate, this is indeed a signal.
Recently, there has been an interesting phenomenon—the continuous selling pressure on Bitcoin for half a year has finally subsided.
After checking CryptoQuant's data, I realized that the main drivers of this decline were actually long-term holders. Those holding over 155 days old coins reduced their holdings from 14.8 million coins in mid-July last year to 14.3 million in December, selling a total of 500,000 BTC.
This prolonged half-year sell-off has truly come to a halt in recent days. Not only has it stopped, but there are also signs of sporadic accumulation. Honestly, when even the most steadfast "diamond hands" feel there's no need to sell anymore, the credibility of this bottom significantly increases.
Currently, I am adjusting my positions in preparation for market changes. When it comes to trading, you still need to find a reliable tool—rather than those flashy, feature-packed platforms, at this stage, a platform that offers solid trading depth and user experience is truly useful. If the bottom holds, the choice of tools becomes even more important.