Larry David’s Take: Falling Bitcoin Holders-Is the Sky Really Falling? đŸ€”

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Key Takeaways
 Or Not

So, Bitcoin’s Long-Term Holdin’ folks? Their balances are hitting lows, like it’s a bad dinner date-minus 21.5K BTC. Less selling, less profit, fewer fireworks-maybe that means it’s all smooth sailing? Or not. Whatever, keep your eyes open, or don’t, I don’t care.

Bitcoin was partying at $122,312, took a quick slip to $118,440, and now it’s hanging out around $118,631. That’s a 2.43% dip-whoopee. But hey, over the week and month, it’s up a little-3.6% here, 0.63% there-so it’s still doing its thing, or so they say.

Meanwhile, the OG hodlers, the ones who held on for dear life, are starting to let go. Looks like they’re feeling a bit, I don’t know, adventurous. Or maybe just bored. Or maybe smart. Who’s to say? Here’s why this is a little off-script from usual:

Cycle Behavior Gets Quirky

Sentora, who I assume is some fancy analytics guy, says LTHs are actually selling less aggressively during this rally. Usually they’re like “I need to cash out now,” but this time it’s more of a slow fade-like a bad ’90s romance.

Bitcoin Long-Term Holder Balances

Normally, during a trump card bull run, these guys sell, sell, sell. This time, they’re kinda taking their sweet time. Maybe they got tired or maybe they’re just saving up for something big. Or maybe they’re just bored.

Hodler Net Position Change

Now, on the scoreboard, the net BTC leaving these folks is -21.5K. Yeah, that much-after three months, still out the door. Maybe they’re looking for a better deal, maybe they’re just over it. Who knows?

They’re Selling, But Chill

Contrary to what you’d think, these guys are selling, but it’s not frantic. They’re not panicking; they’re just, I don’t know, window shopping. Bitcoin hits new all-time highs, and they’re like “Eh, maybe I’ll let a few go.” Not like the old days when everyone ran for the exits.

And get this-the Long-Term Holder Sell side Risk Ratio? It’s fallen for 30 days straight to 0.0010033. That’s like zero, but not quite-these folks aren’t in a rush. No fire drills here.

LTH Sell Side Risk Ratio

Basically, they’re feeling pretty no-pressure. Prices are high, and they’re still hanging back. Looks like they’re thinking, “I could sell, but do I want to? Nah.” And their realized profit? It’s dropping faster than my patience during a traffic jam-down from 13.8K BTC to 5.6K BTC in three weeks. Usually that’s a good sign, but what do I know?

Realized Profit by LTHs

And here’s the kicker-selling has slowed even more, so maybe it’s a good time to relax, or panic, or start a new hobby. Who’s counting?

What’s Next? Who Knows!

So, the analyst types say long-term holders are slowly parting ways with their gains-like a breakup after a good run. But the selling is a bit more laid-back, so maybe it’s just some strategic profit-taking, not the end of the world.

If they get too greedy and start selling all at once, don’t say I didn’t warn you-Bitcoin could drop to about $116K. But if they get tired of profits and decide to hold? Hey, then we’re back at $120K or more. Easy, right? Or complicated. I don’t know. I’m just here for the show.

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2025-08-13 03:19