Bitcoin HODLers Expand Supply Despite Mt. Gox & German Govt. FUD
On-chain data shows that long-term Bitcoin holders have seen their supply increase recently despite the FUD going around the market. Bitcoin HODLer Balance Has Registered An Increase Recently According to data from the market intelligence platform IntoTheBlock, the long-term holder supply has expanded recently. IntoTheBlock defines “long-term holders” (LTHs) or HODLers as those investors who […]
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Amidst waves of concern surrounding the sale of Bitcoin by the US and German governments, industry experts have come forward to dispel fears, suggesting that these moves could be bullish for the market. Yesterday, the Bitcoin sector experienced heightened volatility following actions by two major governments. The German Federal Criminal Police (BKA) continued with its sales of Bitcoin, reducing its holdings from 50,000 BTC to 45,264 BTC. Concurrently, the US government transferred 4,000 BTC to Coinbase, likely aiming for liquidation, retaining a substantial 213,546 BTC in its reserves. Why....
On-chain data shows the Bitcoin supply older than 1 year hasn’t moved much recently despite the uncertainty due to the war. Bitcoin Hodlers Stay Strong As They Refuse To Move Their Supply According to the latest weekly report from Glassnode, the BTC supply older than a year hasn’t shown much movement recently, suggesting that conviction […]
The proportion of the BTC supply dormant for at least a year looks set to increase after putting in local lows. Seasoned Bitcoin (BTC) hodlers are about to spark a new price run-up by hoarding BTC, data reveals this week.According to on-chain monitoring resource Glassnode, the Bitcoin supply is due to put in a fresh ageing process.1-year-old supply bottoms outHighlighting its active supply metric, Glassnode researchers noted that the percentage of the Bitcoin supply which last moved a year ago or more is forming a local bottom.Under such circumstances in the past, holders or "hodlers,"....
Bitcoin supply that has not moved for over two years has hit a 3-month low, indicating conviction from long-time HODLers. Long-time Bitcoin (BTC) HODLers are refraining from selling their holdings, on-chain data from Glassnode shows. According to Glassnode’s "BTC Percent Supply Last Active 2+ Years" indicator, Bitcoin that was last moved well over two years ago reached a three-month low to 45.364%.BTC Percent Supply Last Active 2+ Years. Source: GlassnodeThis trend indicates that Bitcoin HODLers who bought around the top of the last bull cycle in 2018 and before are showing deeper....
Billionaire and crypto-asset supporter, Mark Cuban has identified bitcoin hodlers’ endurance as a model that stock investors can follow. According to the billionaire, after acquiring the asset at high prices back in 2017, the hodlers “held on because they believed in the asset.” Following in the Footsteps of BTC Hodlers These long term hodlers were unmoved even when the crypto asset lost more than two-thirds of its value after the 2017/18 bull run ended. Cuban’s remarks about BTC hodlers were in response to a request for advice to stock traders that incurred losses....