Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Sharpmax on April 15, 2021, 11:26:40 PM
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Bitcoin holders appear to be accumulating more bitcoin (BTC), following the recent rally, which saw long-term holders decreasing their position sizes.
According to on-chain data and intelligence platform Glassnode, long-term bitcoin holders have begun accumulating the cryptocurrency once again. Previous data indicates that long-term holders had been selling or decreasing their position sizes since October 2020.
The decrease in holdings began once bitcoin had crossed the $12,500 mark. This accelerated and reached a peak in mid-January 2021. Likely around the time bitcoin broke $40,000.
The offloading continued until the beginning of April, and it now looks like long-term bitcoin holders are accumulating the digital asset once again. Source (https://cryptonews.net/545806/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)