Bitcoin LTH Supply Falls: What It Means for BTC Price

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The amount of Bitcoin in long-term holder wallets hit cyclical lows, but is it enough to help the bulls avoid a decline toward $68,000?

Bitcoin long-term holders continued to reduce their BTC exposure as their holdings fell to the lowest levels since April.

Bitcoin long-term holders reduced their supply to 72%, the lowest since April

BTC price is at risk of a deeper correction to $68,500 if key support levels fail.

Bitcoin long-term holder supply falls to April levels
Long-term holders (LTHs), entities that have held Bitcoin for at least 155 days, reduced their holdings to 14.3 million BTC in December from 14.8 million BTC in mid-July, according to data from Glassnode. 

This has reduced the share of circulating Bitcoin supply held by long-term holders to 71.92%, a level last seen in April.

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