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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Bitcoin has retraced below the $91,000 level following the Federal Reserve’s decision to cut interest rates by 25 basis points, a move that initially generated volatility across risk assets. While the market’s reaction has leaned bearish in the short term, on-chain data tells a very different story beneath the surface. Related Reading: The Whale Who Can’t Stop Buying: BitcoinOG Scales Ethereum Long To $280M After Price Surge According to new insights from CryptoQuant, one of the most striking signals comes from the Exchange Inflow Coin Days Destroyed (CDD) metric on Binance, which has....
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....
Bitcoin’s greatness isn’t measured only by its price or market cycles, and its true strength lies deeper. As one crypto pundit explains, it lies in the alignment of incentives that keeps the network secure and the loyalty of holders who refuse to sell in the face of volatility. This combination of economic design and cultural […]
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....