Long-term holders are adding to their holdings.
An analyst opined that the BTC may not react quickly to a potential ETF approval.
Despite Bitcoin’s [BTC] sideways movement, AMBCrypto learned that long-term holders are still accumulating. This revelation was made known by CryptoQuant’s verified author JA Maartunn on X (formerly Twitter).
Let’s end the year with this chart
Long-term holders keep accumulating supply, reaching new highs repeatedly, which is a positive sign for the long-term outlook. pic.twitter.com/mCy6NsL3yb
— Maartunn (@JA_Maartun) December 31, 2023
“Conviction” is the name of the game
The increase was proof that those who have experienced the ups and downs of the market are bullish on the BTC price action. At press time, Bitcoin changed hands at $42,485. This value represented a 1.72% decrease in the last seven days.
One of the reasons these holders are bullish could be because 2024 is the Bitcoin halving year.
The Bitcoin halving year is considered an impor
We współpracy z: https://ambcrypto.com/bitcoins-2024-outlook-should-concern-you-heres-why/
