In the past few hours, Bitcoin prices have dropped below the $67,000 mark, sparking a buying frenzy among Bitcoin whales.According to on-chain data, these large holders have purchased over 20,000 BTC worth approximately $1.34 billion as prices dipped. A recent report from Glassnode highlights significant insights into the behavior of long-term Bitcoin holders (LTHs). The Bitcoin Long-Term Holder (LTH) Binary Spending Indicator, which profiles and visualizes the intensity of HODLer distribution pressure, shows a notable and sustained decline in LTH supply leading up to Bitcoin’s all-time high (ATH) of $73,000 in March.