
Despite Bitcoin dropping 21% from its all-time high, the majority of Bitcoin held in wallets hasn’t been sold or moved for the last six months.
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Bitcoin buyers from the past cycle are more stubborn than ever before, data shows, even after 165% year-to-date BTC price gains.
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It’s “younger” BTC bought at the Summer $30,000 lows that’s moving in Q4, data shows.
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It may be a tempting sell at 3x gains but last November’s buyers remain determined to “hodl.”
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Those who bought Bitcoin this bull market are in no hurry to sell, says Glassnode, as small-time investor numbers also grow.
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As bitcoin prices hover above the $55k zone, a number of participants wonder when the bull run will end. Bitcoin proponents are convinced bull markets have three waves and another wave may start soon. However, despite a variety of tools being used like tarot cards, no one is truly sure what will happen with bitcoin […]
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Data from Glassnode shows that bulls who accumulated during the second half of 2020 are still holding strong, despite a surge in short-term speculation this year.
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Bitcoin on-chain data reveals that speculators and long-term holders have become increasingly confident of higher prices as their selling activity has slowed down significantly.
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After a recent spike in profit-taking, long-term Bitcoin investors are back to offloading coins at the same rate they were in 2020.
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Crypto analytics firm Glassnode has spotted several indicators suggesting Bitcoin’s bulls could be slowing down.
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