Bitcoin (BTC) has been experiencing intense volatility in recent days, with price gains being punctuated by the actions of older BTC holders.
Long-term holders (LTHs) continue to sell off some of their money, while exchange-traded funds (ETFs) and Bitcoin government bonds are absorbing much of the supply, according to analyst Chris Beamish.
By “Bitcoin vaults” Beamish is referring to companies like Strategy whose business model is primarily focused on accumulating BTC.
As you can see in the image below, these companies have already accumulated over 1 million BTC.
Experts warn of Bitcoin growth potential Until these sales by investors slow or stop, they will remain restricted.
The following graph provided by Glassnode shows Bitcoin LTH exit movement.
This behavior occurs in the context of Bitcoin price fluctuations. It hovered between $107,000 and $113,900 in the past few hours.as seen in the following TradingView graph:
According to the CriptoNoticias price calculator, BTC is trading around USD 108,300 at the time of writing this report.
This process reflects the alternation between traditional holders and institutional investors. According to Beamish, this circulation of capital is a feature of Bitcoin market cycles, with previous holders capitalizing on price increases. Institutions, on the other hand, accumulate over the medium to long term.
