Bitcoin Price Plunge: Long-Term Holders Buy $1.35 Billion Worth Of BTC
A new report from Glassnode, an on-chain analytical firm, has buttressed recent data indicating Bitcoin holders are adding to their holdings. These long-term Bitcoin investors, often known as “HODLers,” don’t appear to be phased by the recent volatility in Bitcoin’s price. According to on-chain data, long-term holders have been rapidly amassing Bitcoin, adding more than 50,000 BTC each month to their holdings. Monthly Accumulation Of BTC Worth $1.35 Billion Bitcoin is currently showing signs of slowing down, as its price just dipped below $27,000. It would appear....
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