Bitcoin holders who bought at $20K refuse to sell BTC at all-time highs — lat...
It may be a tempting sell at 3x gains but last November's buyers remain determined to "hodl." Bitcoin (BTC) investors who bought at 2017 all-time highs and above have still not sold, data suggests.According to the HODL Waves metric, coins which last moved in the past six to twelve months now make up the biggest portion of the BTC supply.BTC buyers hold their nerveDespite strong gains and equally strong corrections in 2021, those who entered the market or added to their positions in or after November 2020 are refusing to sell.HODL Waves, which track the age distribution of unspent....
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A snowball effect knocks BTC price through key support levels after today’s 6% drop sends Bitcoin to its lowest levels since mid October. Bitcoin (BTC) fell through key support levels on Nov. 18 in a fresh test of bulls' resolve.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"Strong market-wide selling" hitsData from Cointelegraph Markets Pro and TradingView showed BTC/USD abandoning the $58,400 support after multiple retests in previous days and at the time of writing, Bitcoin is trading at $57,800.Despite high volatility and challenging the $60,000 mark, within the past hour....
The number of Ethereum small-time holders is on the rise. With each passing month, as more investors move into the market, ethereum has snatched some of the largest market shares. This is evidenced in the growth rate of the network, as well as the amount of ETH being held by investors on their balances. This time around, the number of ETH small-time holders has hit a new record. Holders Holding More Than 0.1 ETH At ATH Glassnode reported on Monday that the number of small-time Ethereum investors holding more than 0.1 ETH on their balances had touched a new high. This easily follows the....
Selling or transacting your Bitcoin isn’t worth the tax burden, according to the CEO of Ark Invest. Cathie Wood, the founder and CEO of Ark Invest, is cautioning investors not to sell or transact their Bitcoin (BTC) until the United States Internal Revenue Agency, or IRS, introduces more sensible tax policies on digital assets.In a webcast hosted by Cboe, Wood said transacting with BTC could lead to massive tax liabilities. "The IRS has something to say about this, so if you have huge gains in your Bitcoin, I don't think I would bear much in the way of transactions until we get maybe some....
Despite the recent fearful market, Bitcoin hodlers show diamond hands as coins aged 12-18 months touch a 2-year high. Coins Matured To 12-18 Months Revisit A High Not Seen Since 2 Years As pointed out by an analyst in a CryptoQuant post, BTC hodlers have held strong recently as coins aged 12-18 months have seen a sharp spike recently. The relevant on-chain indicator here is the Bitcoin Sum Coin Age (SCA) Distribution that shows the distribution of coins among the different holders in the market. The metric works by looking at each coin on the chain and measuring how many days it has been....
Long-term holders are in command amid a lack of speculators — and they're showing little interest in selling. Bitcoin (BTC) dropping to $25,000 or lower is unlikely thanks to hodlers hoping for all-time highs, not speculative traders, new research says.In a series of tweets on April 19, popular analyst Root argued that there is “no real reason” for a dramatic Bitcoin sell-off.No major selling from "maturing" hodlersBitcoin has yet to wow the market with its all-time highs this halving cycle, and this has contributed to a loss of faith among some investors.At the same time, on-chain....