Bitcoin’s Secret Hoarders Refuse to Sell – What Madness Is This? 🤑

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  • Long-term Bitcoin holders are tighter than Grandma’s cookie jar on spending!
  • These stubborn old-timers are hoarding coins like squirrels before winter, no matter the chaos.

Picture this: Bitcoin [BTC] has just had three dazzling days in a row, like a rollercoaster that suddenly decided to only go up. From a measly $98k, it shot up to a whopping $106k — a signal that things might just be looking up, after all.

Now, even though some folks have pocketed their profits, the long-term holders (the ones who treat Bitcoin like a secret stash of chocolate bars) are holding firm, refusing to sell an ounce. Nope, not a single satoshi is slipping away.

Bitcoin’s Long-Term Holders: The Great Spenders? Not quite.

According to our friends at Glassnode, these old Bitcoin fans have spent less in the past two weeks than a cat on a diet — practically zilch!

As Bitcoin bounced back from its sulky slump, these LTHs grew even more bullish, clutching their coins tighter than a toddler clutching a favorite toy. They’re sitting on a massive pile of 14.7 million BTC — that’s a lot of shiny digital gold.

Despite the market doing a bit of a jitterbug, these veterans aren’t budging. Instead of selling, they’re stacking more coins, as shown by the HODLer Net Position Change — a fancy way of saying, “More coins, please!”

After nearly two months of playing hard to get, this metric jumped to a cheerful 10.33k BTC last week. It’s like they found a hidden stash of candy and just can’t stop hoarding.

Historically, when these long-term folks pile in like eager beavers, it usually means a juicy buy zone is just around the corner.

Why? Because when these old-timers hoard, they inspire other market players to jump back into the game, like kids rushing to the ice cream truck.

Bitcoin’s RHODL Ratio — a nerdy number standing at 2.7k — shows these LTHs are playing the long game, shrugging off the wild short-term speculators with a grin. 😏

So, what’s this all mean for BTC?

In short, these long-term holders are the fairy godmothers of Bitcoin’s bounce-back story. Their refusal to sell is helping BTC claw its way up to a shiny $106.8k.

Because they’re hoarding like there’s no tomorrow, there’s less selling pressure — meaning the price could climb even higher.

They’re also swallowing up the coins from the short-term sellers, like a buffet on an all-you-can-eat night. If these hoarders keep this up, Bitcoin might just dance all the way to $109,457.

But beware! If these long-term holders suddenly decide to loosen their grip and start selling again, BTC could wobble down to $104,348 faster than you can say “Oops!”

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2025-06-25 18:38