Recent data revealed that long-term Bitcoin (BTC) holders are looking for the continuation of the bull.

CryptoQuant's on-chain analysis analyst examined the movements of whales holding Bitcoin for at least 7 years.

The analyst emphasizes that these types of investors tend to transfer their Bitcoin assets to exchanges in bull markets, noting that a similar behavior has not yet been seen in this bull cycle.

An analyst revealed with data that during the 2017-2021, the period of the last bull market, long-term investors sent a significant amount of Bitcoin to the exchange.

He interpreted the fact that a similar situation has not yet occurred in this cycle as these investors' desire for the continuation of the bull.

Long-term Bitcoin holders (+7 years) tend to send their Bitcoins to exchanges in bull markets. Currently, long-term Bitcoin holders are not sending their Bitcoins to exchanges. Long-term Bitcoin holders want a stronger bull market.

According to CoinGecko data, Bitcoin, which has shown a 0.2% increase in the last 24 hours, is currently trading at $60,970.