Glassnode Suggests Bitcoin Long-Term Holder Conviction Not Lost Yet

Data from Glassnode suggests Bitcoin long-term holder capitulation hasn’t reached a scale that would imply a widespread loss of conviction yet.
Bitcoin Long-Term Holder Supply Has Declined By 61.5k BTC Since 6 Nov
According to the latest weekly report from Glassnode, the BTC long-term holder supply has observed a notable decrease recently.
The “long-term holders” (LTHs) make up a cohort that includes all Bitcoin investors who have been holding onto their coins since at least 15