BTC: supply last active 1yr + age bands
Sean Farrell, head of digital assets research at FundStrat, said that being a long-term holder has tended to get more popular over time. The exception is when markets get frothy and investors who bought dips sell their older coins to eager buyers. “The trend is bullish insofar it means that higher prices are ahead in this cycle and any reticence to sell from current HODLers could result in a mini-supply squeeze,” said Farrell.
He added that looking at long-term holder supply metrics is not necessarily useful for short-term price signals. Long-Term-Holder Supply, which Glassnode deems as coins held for longer than 155 days, has also seen a new all-time high — reaching 14.46 million bitcoin. “This reflects coins acquired immediately after the FTX failure maturing into long term holder status,” said the report.Glassnode’s Liveliness metric – which compares the relative balance between HODLing and spending behavior – also shows investors are hanging on. It has fallen to the lowest level since December 2020.
Source: Digital Coin News (digitalcoinnews.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Blockchain Continues to See Growth in Ordinal Inscriptions and BRC20 Tokens – Bitcoin NewsIn the last five days, an increase has occurred, bringing the total count to approximately 8,376,936 Ordinal inscriptions on Sunday afternoon. Bitcoin
Source: BTCTN - 🏆 531. / 51 Read more »
Crypto Exchanges Experience $1.77B Bitcoin and Ethereum Outflow in 30 Days – Bitcoin NewsIn the past month alone, 43,301 bitcoin, valued at over $1.16 billion, left centralized crypto trading platforms.
Source: BTCTN - 🏆 531. / 51 Read more »
Celebrating Bitcoin Pizza Day: the Time a Bitcoin User Bought 2 Pizzas for 10,000 BTCWithout Bitcoin Pizza Day, perhaps no one would have stepped up to use the peer-to-peer digital cash and bitcoin would still be still floating around as valueless, magic internet money, gckaloudis writes. Opinion for The Node newsletter
Source: CoinDesk - 🏆 291. / 63 Read more »
Bitcoin Miami: 2024 Candidates Robert F. Kennedy Jr and Gabbard Defend Bitcoin and Decentralization | CoinMarketCapCryptoNews: Speaking on the second day of Bitcoin2023 in Miami, US Democratic presidential candidates strongly rebuked the United States’ current lack of clear crypto guidance for investors and entrepreneurs & stifling incoming regulations. 👀
Source: CoinMarketCap - 🏆 290. / 63 Read more »
Crypto OG Dan Held on Crypto's Past Decade, Outlook for DeFi on BitcoinBitcoin educator Dan Held has been in the bitcoin space since 'it was a just a couple of guys in a garage.' As part of the 'CoinDesk Turns 10' series, Held reflects on the days of scraping the bitcoin forums for news to Bitcoin's use cases today. Plus, he maps out the next 10 years saying there will be more DeFi on Bitcoin.
Source: CoinDesk - 🏆 291. / 63 Read more »
Dormant Bitcoin Wallet From 2010 Makes Rare Transaction on 13th Anniversary of Bitcoin Pizza Day – Bitcoin NewsCoinciding with BitcoinPizzaDay, a long-time bitcoin holder opted to spend 50 BTC from an address established on July 12, 2010.
Source: BTCTN - 🏆 531. / 51 Read more »