The post Bitcoin HODLers Spend 97,000 BTC—Biggest Move This Year appeared on BitcoinEthereumNews.com. Bitcoin long-term holders have seen their spending accelerate recently, with the largest daily spike of the year taking place on Friday. 1 To 2 Years Old Bitcoin Investors Made Up For The Biggest Part Of The Spike In a new post on X, on-chain analytics firm Glassnode has discussed how the activity of the Bitcoin long-term holders (LTHs) has been looking recently. The LTHs refer to the BTC investors who have been holding onto their coins for more than 155 days. Statistically, the longer an investor holds onto their coins, the less likely they are to sell them in the future. As such, the LTHs with their relatively long holding time are considered to be resolute entities. Despite their conviction, however, there are times when even members of this cohort decide to part with their coins. Below is a chart shared by Glassnode that shows how spending from this cohort has fluctuated over the past year. As is visible in the graph, the 14-day simple moving average (SMA) of the Bitcoin volume spent by the LTHs has shot up recently, indicating the HODLers are ramping up their transaction activity. The spike in LTH spending has come after a decline in the BTC price. The timing could be a possible sign that some of the diamond hands are starting to think the bull run is winding down, so they have decided to exit with their profits while they still can. Though while Bitcoin LTH transactions are elevated right now, they are still significantly below the levels observed in the last quarter of 2024. Also, the smoothed data of the 14-day SMA may suggest the development corresponds to an increase in spending over a period, but it turns out that it’s largely due to a single large daily spike. From the chart, it’s apparent that… The post Bitcoin HODLers Spend 97,000 BTC—Biggest Move This Year appeared on BitcoinEthereumNews.com. Bitcoin long-term holders have seen their spending accelerate recently, with the largest daily spike of the year taking place on Friday. 1 To 2 Years Old Bitcoin Investors Made Up For The Biggest Part Of The Spike In a new post on X, on-chain analytics firm Glassnode has discussed how the activity of the Bitcoin long-term holders (LTHs) has been looking recently. The LTHs refer to the BTC investors who have been holding onto their coins for more than 155 days. Statistically, the longer an investor holds onto their coins, the less likely they are to sell them in the future. As such, the LTHs with their relatively long holding time are considered to be resolute entities. Despite their conviction, however, there are times when even members of this cohort decide to part with their coins. Below is a chart shared by Glassnode that shows how spending from this cohort has fluctuated over the past year. As is visible in the graph, the 14-day simple moving average (SMA) of the Bitcoin volume spent by the LTHs has shot up recently, indicating the HODLers are ramping up their transaction activity. The spike in LTH spending has come after a decline in the BTC price. The timing could be a possible sign that some of the diamond hands are starting to think the bull run is winding down, so they have decided to exit with their profits while they still can. Though while Bitcoin LTH transactions are elevated right now, they are still significantly below the levels observed in the last quarter of 2024. Also, the smoothed data of the 14-day SMA may suggest the development corresponds to an increase in spending over a period, but it turns out that it’s largely due to a single large daily spike. From the chart, it’s apparent that…