{"id":250536,"date":"2022-08-07T05:00:42","date_gmt":"2022-08-06T23:30:42","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=250536"},"modified":"2022-08-06T14:46:26","modified_gmt":"2022-08-06T09:16:26","slug":"bitcoin-lths-continue-to-sell-in-losses-all-despite","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/bitcoin-lths-continue-to-sell-in-losses-all-despite\/","title":{"rendered":"Bitcoin LTHs continue to sell in losses, all despite…"},"content":{"rendered":"

Bitcoin has seen wide-ranging fluctuations in 2022 as it dropped massively during this bear market. One aspect that has appreciated in significance lately is the sentiment of long-term holders. The selling pressure on LTHs has reduced as prices rallied throughout July above their average cost basis – $22.6k.<\/p>\n

However, despite the lowering of financial constraints, LTHs continue to sell at net losses tucked in between 11% and 61% on average. Could this selling pressure fuel unwarranted FUD in market sentiment as it attempts recovery?<\/p>\n

Gather the crowd<\/h4>\n

Despite uncertainties in the macro landscape, the crypto-market has been gradually recovering since early July. Bitcoin itself has overseen a steady growth over this period as it briefly touched the $24k-level. However, concerns are emerging after the most recent episode of selling pressure from the long-term holder cohort, as reported<\/a> by Glassnode.<\/p>\n

Right now, Bitcoin long-term holders are in possession of over 13.337 million BTCs, 79.85% of the total circulating supply. However, since the start of May, they have distributed around 222k BTC – Equivalent to approximately 1.6% of their all-time-high holdings.<\/p>\n

\"\"<\/a>
Source: Glassnode<\/figcaption><\/figure>\n

The LTH-cost basis was trading at $22.6k, at press time, meaning that on average the long-term holdings are at 4% profit. This, because BTC was trading just below $23.2k, at the time of writing. This would mean that the press time MVRV ratio represented profitability for these long-term holders.<\/p>\n

\"\"<\/a>
Source: Glassnode<\/figcaption><\/figure>\n

There has also been a significant change in the market sentiment of long-term holders over the past three weeks. Their aggregated behavior has changed from accumulating at a rate of 79 BTC\/month to distributing up to 47k BTC\/month.<\/p>\n

As pointed out in the report,<\/p>\n

“Remarkably, this cohort seized the opportunity of rallying prices and spent 41k BTC, or 0.3% of their supply, over the last 21 days. (Note that net spending is defined as Accumulation plus HODLing minus Distribution).”<\/p><\/blockquote>\n

\"\"<\/a>
Source: Glassnode<\/figcaption><\/figure>\n

\u201cBitcoin to the moon\u201d<\/h4>\n

Santiment<\/a> also pointed out an interesting development on social media among Bitcoin enthusiasts. Bitcoiners echoed their sarcastic chants of \u201cmoon\u201d and \u201clambo\u201d on social media during the crypto-slide this year.<\/p>\n

However, spikes in these words are often the signs of a bullish BTC rally.<\/p>\n

\"\"<\/a>
Source: Santiment<\/figcaption><\/figure>\n

Conclusion<\/h4>\n

Institutional sell-offs have also been pointed out in the news lately. The most famous of which was Tesla selling over 75% of its BTC holdings recently.<\/p>\n

While these indicators look to fuel FUD sentiment in the market, BTC continues to maintain its support level. Bitcoin has remained relatively unchanged over the last 24 hours, but was down over 2.8% over the week.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin has seen wide-ranging fluctuations in 2022 as it dropped massively during this bear market. One aspect that has appreciated in significance lately is the sentiment of long-term holders. The selling pressure on LTHs has reduced as prices rallied throughout July above their average cost basis – $22.6k. However, despite the lowering of financial constraints,Continue reading “Bitcoin LTHs continue to sell in losses, all despite…”<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":250538,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[35,360,66,3,4,20],"tags":[],"class_list":["post-250536","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin-news","category-btc-trading-view","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"\nBitcoin LTHs continue to sell in losses, all despite... - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Despite uncertainties in the macro landscape, the crypto-market has been gradually recovering since early July. Bitcoin itself has...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/bitcoin-lths-continue-to-sell-in-losses-all-despite\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin LTHs continue to sell in losses, all despite... - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Bitcoin has seen wide-ranging fluctuations in 2022 as it dropped massively during this bear market. One aspect that has appreciated in significance lately\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/bitcoin-lths-continue-to-sell-in-losses-all-despite\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-06T23:30:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/bitcoin-g05feb53cc_1280-e1659770114515.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kanav Jain\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/kanavjain101\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kanav Jain\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-lths-continue-to-sell-in-losses-all-despite\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-lths-continue-to-sell-in-losses-all-despite\\\/\"},\"author\":{\"name\":\"Kanav Jain\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/5d5c4adae93dab23234d98e86a1169ae\"},\"headline\":\"Bitcoin LTHs continue to sell in losses, all despite…\",\"datePublished\":\"2022-08-06T23:30:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-lths-continue-to-sell-in-losses-all-despite\\\/\"},\"wordCount\":452,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-lths-continue-to-sell-in-losses-all-despite\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/bitcoin-g05feb53cc_1280-e1659770114515.jpg\",\"articleSection\":[\"Bitcoin\",\"BTC Trading View\",\"News\",\"News 1\",\"Social\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-lths-continue-to-sell-in-losses-all-despite\\\/#respond\"]}],\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-lths-continue-to-sell-in-losses-all-despite\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-lths-continue-to-sell-in-losses-all-despite\\\/\",\"name\":\"Bitcoin LTHs continue to sell in losses, all despite... - AMBCrypto\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-lths-continue-to-sell-in-losses-all-despite\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-lths-continue-to-sell-in-losses-all-despite\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/bitcoin-g05feb53cc_1280-e1659770114515.jpg\",\"datePublished\":\"2022-08-06T23:30:42+00:00\",\"description\":\"Despite uncertainties in the macro landscape, the crypto-market has been gradually recovering since early July. Bitcoin itself has...\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-lths-continue-to-sell-in-losses-all-despite\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/bitcoin-lths-continue-to-sell-in-losses-all-despite\\\/#primaryimage\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/bitcoin-g05feb53cc_1280-e1659770114515.jpg\",\"contentUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/bitcoin-g05feb53cc_1280-e1659770114515.jpg\",\"width\":1200,\"height\":800,\"caption\":\"Bitcoin LTHs continue to sell in losses, all despite...\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"name\":\"AMBCrypto\",\"description\":\"Stay Ahead!\",\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"alternateName\":\"AMBCrypto News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/ambcrypto.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\",\"name\":\"AMBCrypto\",\"alternateName\":\"AMBCrypto News\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/amb-wide.jpg\",\"width\":600,\"height\":60,\"caption\":\"AMBCrypto\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/cryptoamb\",\"https:\\\/\\\/x.com\\\/CryptoAmb\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/13629485\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/5d5c4adae93dab23234d98e86a1169ae\",\"name\":\"Kanav Jain\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/D4598192-E39A-464E-A31E-7DFCF8658014-150x150.jpg\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/D4598192-E39A-464E-A31E-7DFCF8658014-150x150.jpg\",\"contentUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/D4598192-E39A-464E-A31E-7DFCF8658014-150x150.jpg\",\"caption\":\"Kanav Jain\"},\"description\":\"Kanav is a journalist at AMBCrypto. He has a Masters in Media and International Conflict and is interested in areas of digital society, crypto developments in the political sphere and the socio-cultural impact of a crypto-society.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/kanav-jain-0282a31b7\\\/\",\"https:\\\/\\\/x.com\\\/https:\\\/\\\/twitter.com\\\/kanavjain101\"],\"url\":\"https:\\\/\\\/ambcrypto.com\\\/author\\\/kanav-jain\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bitcoin LTHs continue to sell in losses, all despite... - AMBCrypto","description":"Despite uncertainties in the macro landscape, the crypto-market has been gradually recovering since early July. Bitcoin itself has...","robots":{"index":"index","follow":"follow","max-image-preview":"max-image-preview:large"},"canonical":"https:\/\/ambcrypto.com\/bitcoin-lths-continue-to-sell-in-losses-all-despite\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin LTHs continue to sell in losses, all despite... - AMBCrypto","og_description":"Bitcoin has seen wide-ranging fluctuations in 2022 as it dropped massively during this bear market. One aspect that has appreciated in significance lately","og_url":"https:\/\/ambcrypto.com\/bitcoin-lths-continue-to-sell-in-losses-all-despite\/","og_site_name":"AMBCrypto","article_publisher":"https:\/\/www.facebook.com\/cryptoamb","article_published_time":"2022-08-06T23:30:42+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/bitcoin-g05feb53cc_1280-e1659770114515.jpg","type":"image\/jpeg"}],"author":"Kanav Jain","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/kanavjain101","twitter_site":"@CryptoAmb","twitter_misc":{"Written by":"Kanav Jain","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ambcrypto.com\/bitcoin-lths-continue-to-sell-in-losses-all-despite\/#article","isPartOf":{"@id":"https:\/\/ambcrypto.com\/bitcoin-lths-continue-to-sell-in-losses-all-despite\/"},"author":{"name":"Kanav Jain","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/5d5c4adae93dab23234d98e86a1169ae"},"headline":"Bitcoin LTHs continue to sell in losses, all despite…","datePublished":"2022-08-06T23:30:42+00:00","mainEntityOfPage":{"@id":"https:\/\/ambcrypto.com\/bitcoin-lths-continue-to-sell-in-losses-all-despite\/"},"wordCount":452,"commentCount":0,"publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"image":{"@id":"https:\/\/ambcrypto.com\/bitcoin-lths-continue-to-sell-in-losses-all-despite\/#primaryimage"},"thumbnailUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/bitcoin-g05feb53cc_1280-e1659770114515.jpg","articleSection":["Bitcoin","BTC Trading View","News","News 1","Social","Trading View"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ambcrypto.com\/bitcoin-lths-continue-to-sell-in-losses-all-despite\/#respond"]}],"copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/ambcrypto.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ambcrypto.com\/bitcoin-lths-continue-to-sell-in-losses-all-despite\/","url":"https:\/\/ambcrypto.com\/bitcoin-lths-continue-to-sell-in-losses-all-despite\/","name":"Bitcoin LTHs continue to sell in losses, all despite... - AMBCrypto","isPartOf":{"@id":"https:\/\/ambcrypto.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ambcrypto.com\/bitcoin-lths-continue-to-sell-in-losses-all-despite\/#primaryimage"},"image":{"@id":"https:\/\/ambcrypto.com\/bitcoin-lths-continue-to-sell-in-losses-all-despite\/#primaryimage"},"thumbnailUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/bitcoin-g05feb53cc_1280-e1659770114515.jpg","datePublished":"2022-08-06T23:30:42+00:00","description":"Despite uncertainties in the macro landscape, the crypto-market has been gradually recovering since early July. Bitcoin itself has...","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ambcrypto.com\/bitcoin-lths-continue-to-sell-in-losses-all-despite\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/bitcoin-lths-continue-to-sell-in-losses-all-despite\/#primaryimage","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/bitcoin-g05feb53cc_1280-e1659770114515.jpg","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/bitcoin-g05feb53cc_1280-e1659770114515.jpg","width":1200,"height":800,"caption":"Bitcoin LTHs continue to sell in losses, all despite..."},{"@type":"WebSite","@id":"https:\/\/ambcrypto.com\/#website","url":"https:\/\/ambcrypto.com\/","name":"AMBCrypto","description":"Stay Ahead!","publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"alternateName":"AMBCrypto News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ambcrypto.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ambcrypto.com\/#organization","name":"AMBCrypto","alternateName":"AMBCrypto News","url":"https:\/\/ambcrypto.com\/","logo":{"@type":"ImageObject","@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/04\/amb-wide.jpg","width":600,"height":60,"caption":"AMBCrypto"},"image":{"@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/cryptoamb","https:\/\/x.com\/CryptoAmb","https:\/\/www.linkedin.com\/company\/13629485\/"]},{"@type":"Person","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/5d5c4adae93dab23234d98e86a1169ae","name":"Kanav Jain","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/03\/D4598192-E39A-464E-A31E-7DFCF8658014-150x150.jpg","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/03\/D4598192-E39A-464E-A31E-7DFCF8658014-150x150.jpg","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/03\/D4598192-E39A-464E-A31E-7DFCF8658014-150x150.jpg","caption":"Kanav Jain"},"description":"Kanav is a journalist at AMBCrypto. He has a Masters in Media and International Conflict and is interested in areas of digital society, crypto developments in the political sphere and the socio-cultural impact of a crypto-society.","sameAs":["https:\/\/www.linkedin.com\/in\/kanav-jain-0282a31b7\/","https:\/\/x.com\/https:\/\/twitter.com\/kanavjain101"],"url":"https:\/\/ambcrypto.com\/author\/kanav-jain\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts\/250536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/comments?post=250536"}],"version-history":[{"count":0,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts\/250536\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/media\/250538"}],"wp:attachment":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/media?parent=250536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/categories?post=250536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/tags?post=250536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}