@tyrellhallrako

An increase in long-term holding addresses usually indicates rising investor confidence, as holders are unwilling to sell despite price volatility. This behavior suggests belief in Bitcoin’s long-term value and often aligns with accumulation phases before major rallies. Conversely, a decrease in long-term addresses implies distribution, where investors are moving assets to exchanges for potential selling. That can signal weakening confidence or profit-taking at higher levels. Analysts track these wallet patterns as a proxy for sentiment because long-term holders traditionally act as a stabilizing force. A consistent rise in holding addresses tends to confirm a bullish backdrop, while declines may foreshadow short-term selling pressure.

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