Glassnode data: long-term bitcoin holders hoard bitcoins again

On May 7, Glassnode founders Jan Happel and Jann Allemann tweeted that long-term Bitcoin holders are hoarding Bitcoin again. Investors are still confident in ETH because there is enough ETH flowing out of cryptocurrency exchanges. The long-term holders’ net position change chart shows that the positions of long-term holders turned green in April for the first time since October last year.