Coinspeaker
Bitcoin Long-Term Holders Reaccumulating for First Time since December
Renowned market intelligence company Glassnode recently revealed an important change in the behavior of long-term Bitcoin holders, as they have returned to the re-accumulation phase for the first time since December 2023. As the latest data reveals, Bitcoin, while trading just under an all-time high, entered a phase where the long-term holders are starting to increase their holdings once again.
This behavior follows a period of significant divestment earlier this year, coinciding with Bitcoin’s price surge to a new peak of $73,000 in early March. The growth prompted a selling wave from long-term holders, which created an overhang of supply and contributed to a subsequent consolidation phase for BTC. However, in recent weeks, the pressure to sell from these holders has reduced and given way to a phase of re-accumulation.
Further to the Glassnode analysis, on-chain analytics firm 0nchained c
We współpracy z: https://www.coinspeaker.com/bitcoin-long-term-holders-december/
