Lens1000
VIP Contributor
Despite a $20K drop from last month's high, Bitcoin long-term holders remain bullish.
Despite a significant price decline, long-term holders have marginally reduced their bitcoin positions in recent weeks, according to data from analytics firm Glassnode. Long-term holders are defined by Glassnode as wallet addresses that have held bitcoin for more than 155 days, a timescale after which holders are statistically less likely to spend their bitcoins.
Since January, long-term holders have added 1.8 million bitcoin to their accounts, while short-term supply has decreased by 1.4 million bitcoin.
The attributes of the hodlers towards investment remains unshakeable despite the bullish movement. The interesting thing is that the hodlers gains on the long run, most especially with the bitcoin
Despite a significant price decline, long-term holders have marginally reduced their bitcoin positions in recent weeks, according to data from analytics firm Glassnode. Long-term holders are defined by Glassnode as wallet addresses that have held bitcoin for more than 155 days, a timescale after which holders are statistically less likely to spend their bitcoins.
Since January, long-term holders have added 1.8 million bitcoin to their accounts, while short-term supply has decreased by 1.4 million bitcoin.
The attributes of the hodlers towards investment remains unshakeable despite the bullish movement. The interesting thing is that the hodlers gains on the long run, most especially with the bitcoin