Bitcoin long-term holder supply hits 8-month lows: Bullish or bearish?

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

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

Key takeaways:

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

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