Bitcoin Long-Term Holders Show Declining Yearly Inflows to 2015 Low, Yet Retain Short-Term Selling Pressure

According to blockchain analyst Darkfost, as reported by BlockBeats on June 14, long-term Bitcoin holders (LTH, holding for over 6 months) demonstrate a dual pattern of short-term activity and long-term accumulation. While LTH exchange inflows remain elevated in the near term—signaling potential near-term selling pressure—their yearly average inflows have declined to the lowest level since 2015. Recent data shows inflows recovered slightly to over 800 BTC per day from about 630 BTC per day in early May, yet extreme selling events (defined as daily inflows reaching at least 5 times the yearly average) continue to emerge, indicating LTH retain the ability to trigger short-term sell-off spikes. However, the sustained downward trend in yearly average inflows suggests LTH are increasingly inclined toward long-term holding, potentially reflecting structural shifts following the introduction of Bitcoin ETFs and institutional participation.
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