More Bitcoin Is Moving Into The Hands Of Long-Term Investors Amid Sideways Pr...
Momentum has continued to fade for Bitcoin following a broader market pullback, which has kept its price below the $80,000 mark. During the ongoing waning price action, one aspect of the market that is drawing significant attention is the activity of Bitcoin Long-Term Holders. Bitcoin Long-Term Holders Tighten Grip On Circulating Supply Bitcoin long-term holders […]
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Data shows the total supply held by the Bitcoin long-term holders has decreased by 150k BTC since the LUNA crash. Bitcoin Long-Term Holders Have Dumped A Noticeable Amount In The Last Few Months According to the latest weekly report from Glassnode, the BTC LTHs have observed a sustained decrease of 150k BTC since the crash in May. The “long-term holder” (or LTH in brief) group is the Bitcoin cohort that includes all those investors who have been holding onto their coins since at least 155 days ago, without selling or moving them. The holders who sell earlier than this threshold....
“We see very little in terms of investor demand” for crypto, BlackRock CEO said. BlackRock, an institutional asset manager that has indirect exposure to Bitcoin (BTC), has recorded a major decline in investor demand for cryptocurrency.The company’s CEO Larry Fink declared Wednesday on CNBC’s Squawk Box that BlackRock has been seeing less crypto-related queries from investors recently, signaling a massive drop in demand for crypto.Fink noted that specifically long-term and retirement investors now appear to have less interest in crypto, stating: “In the past, you’ve asked me about crypto....
Data shows the Bitcoin long-term holders have witnessed a notable surge in their supply recently, a sign that market behavior has been shifting. Bitcoin Long-Term Holder Supply Has Gone Up Over The Past Month According to data from on-chain analytics firm CryptoQuant, Bitcoin supply has been moving into the hands of the long-term holders recently. […]
Bitcoin is back above $70,000 after a bruising first quarter, but there are still questions as to whether the asset has already established its cycle low or is still moving through a bottoming phase. A technical indicator following one interesting Bitcoin metric is presently showing signs that the bottom may not yet be in. The Metric With A Perfect Record One Bitcoin metric has always predicted every cycle bottom, and what it is saying now is very important for its next outlook. This metric is the long-term holder supply in loss, which is a measure that tracks how much of the supply held....
After a recent spike in profit-taking, long-term Bitcoin investors are back to offloading coins at the same rate they were in 2020. Research from on-chain analytics provider Glassnode has found that roughly three-quarters of circulating Bitcoin last moved on the blockchain when prices were below $10,800, suggesting most market participants are long-term holders.Glassnode’s March 29 ‘Week on Chain’ report found that 25.43% of circulating BTC last traded between the prices of $10,800 and $58,800. With Bitcoin trading for $10,800 just six months ago, the data suggests one-in-four circulating....