Bitcoins Long-Term Holders Show Signs of Strain After February Sell-Off

In brief

• Bitcoin’s long-term holder accumulation during February’s dip is weaker when compared to FTX, LUNA Crash.
• Still, a key metric has flipped for the first time since May 2022, signaling veteran holders are under pressure and realizing losses.
• CLARITY Act, more Fed rate cuts, and sustained ETF inflows are key catalysts that could trigger a recovery, Decrypt was told.