Global #long-term holders

The cryptocurrency market continued its volatile ride in 2024, with Bitcoin experiencing a significant pullback after reaching a record high.

The recent price decline of XRP has prompted a cautious response from long-term holders (LTHs), who have begun to move their assets amid growing uncertainty.

Recent data reveals significant developments in the Bitcoin market, highlighting increased demand among U.S. investors and critical price movements. The Coinbase premium index and on-chain metrics provide insight into current market dynamics and potential future trends for Bitcoin.

The cryptocurrency market is a complex beast, often driven by sentiment as much as fundamental analysis. One key metric traders and analysts watch closely is the net taker volume, a figure that provides insight into the balance between aggressive buying (takers) and passive selling (makers) on exchanges.

With more than five million long-term holders, the network now accounts for an astounding 62.5% of all LTC addresses with a balance.