62% Of Addresses Keep Their Bitcoin Holdings For Over A Year In Bear
The year 2022 has proved to be unfavorable for the crypto market. The industry has been facing a long lasted bear trend, with the flagship coin, Bitcoin, nearly down 70% then its ATH of November 2021. Still, the market fear has not ruined the investors’ interest in Bitcoin. Data shows that more than half of investors continue to keep their BTC holdings even in the crypto winter. According to the stats viewed by the blockchain analytic firm TipRank, 62% of BTC addresses have not sold their collection of BTC for a year or more. Additionally, the site data as of September 1 indicates....
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This is the weirdest bear market to date. It seems like most people were prepared for it, even though the death spirals and Chapter 11 bankruptcies that started it came out of nowhere. In any case, every coin is in the red. The market should be in a state of fear, uncertainty, and doubt. That is certainly not the case for the two leading cryptocurrencies. The circumstances might be different for each one, but both markets show signs of unwavering conviction. Related Reading: 62% Of Addresses Keep Their Bitcoin Holdings For Over A Year In Bear Long-time holders of bitcoin and ethereum seem....
The buying pattern of bitcoin whales has long been an indicator for coming market movement. While it may not happen everything, the fact remains that these top addresses control enough of the supply between them to have significant impacts on the price. This is evident in past movements coinciding with major price shifts and once again, these whales have gone on another accumulation trend that could be the start of another bull rally. Bitcoin Addresses With 100K Accumulated The bitcoin addresses that hold more than 100K on their balances are followed by investors and their activities are....
With the decline in the price of bitcoin, there has been a lot of selling from investors. This sell-off trend has contributed to the further decline of the digital asset’s prices in recent times. However, as the bear run continues, there has been a marked reduction in the amount of BTC being sold off by the holders. The decline in the number of addresses that are sending their coins to centralized exchanges speaks volumes about this. Sellers Beginning To Cool Off Over the last year, the number of bitcoin addresses that had been sending BTC to centralized exchanges, presumably to sell their....
Meitu was one among many public companies that purchased Bitcoin to hold as a treasury reserve during the peak of the bull run last year and now joins the list of companies that have suffered heavily due to the bear market. Hong Kong tech giant Meitu made headlines in April last year after it reported nearly $100 million in crypto holdings. However, with the advent of the bear market, the tech firm has lost nearly half of the valuation of its crypto holdings.According to a local media report, Meitu reported an impairment loss of over 300 million yuan, approximately $43.4 million, on their....