Blockchain industry analysts have observed an optimistic trend in the market, as long-term holders (LTH) of cryptocurrencies remain steadfast in their positions. While short-term holders have been seen selling during recent price pumps, LTHs have not been swayed to follow suit.

Historically, LTHs have been known to sell when they are in profit, but their movement has significantly slowed down. This observation is further supported by the coins-destroyed-days (CDD) metric, which experienced a temporary spike but has since cooled down.

In conclusion, the market's positive outlook can be attributed to the unwavering confidence of long-term holders in the potential of blockchain technology and the future growth of cryptocurrencies.