Long-term holders continue to accumulate Bitcoin, while short-term speculators take profits

Long-term holders continue to accumulate Bitcoin, while short-term speculators take profits

16/3/2021

According to the research of on-chain analytics provider Glassnode, 95% of the bitcoins that were last changed hands were moved on the blockchain for the last time less than three months ago. The one-week on-chain report released by Glassnode on March 15 found that only 5% of spent outputs exceed 90 days, indicating that the vast majority of bitcoins that move on the chain are “young coins”. Other data from Glassnode found that addresses holding bitcoin for at least three years have increased their holdings of bitcoin significantly in the past 6 to 12 months, and short-term holders have been profiting since the beginning of 2020.


NOTICE
This is an original piece. Reproduction in whole or part without written permission is prohibited.
0
About products purchase, please contact our sales manager:
[email protected]

About miner repair and after-sale issues, please contact the repair manager email:
[email protected]

For business cooperation, please contact:
[email protected]

COMPLAINTS & SUGGESTIONS
If you have any dissatisfaction during the transaction or have valuable suggestions for us, please contact us via this email address:
[email protected]