CoinNetwork
vip

According to news from CoinWorld, data from Glassnode shows that as the price of Bitcoin rises above $90,000, long-term holders (LTHs) are demonstrating strong confidence, with their buying volume surpassing the selling volume of short-term holders. Since January of this year, long-term investors have increased their holdings by 635,340 Bitcoins, bringing their total holdings to 13,755,722 coins. Despite the rebound in Bitcoin's price, there are still 2.6 million Bitcoins in a loss position, reflecting that investors who bought above $95,000 are facing ongoing resistance. Data shows that for every 1 Bitcoin sold by short-term holders, long-term holders are increasing their holdings by 1.38 coins. It is reported that long-term holders typically buy more when the market is weak and sell during strong market conditions.

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments