According to data from blockchain analysis firm Glassnode, long-term Bitcoin investors continue to buy BTC, affecting liquidity in the market.
The metric that shows the net change in the positions of long-term investors is the monthly Accumulated 50,000 Bitcoins ($1.35 billion) pointing out.
Total amount of BTC in wallets of long-term investors It broke a record with 14.8 million and this is the total supply in circulation It corresponds to 76%.
Stating that there is a stagnation in the amount of coins in the market, Glassnode researchers made the following assessment in their most recent report:
“Currently, HODLers are More than 50,000 BTC “They are hiding it, and this indicates that the supply is tight and that people generally avoid transactions.”
Coins that have not been moved on the blockchain for a period of time stagnantly is described. Increasing stagnation in coins means that coins have been illiquid for a long time.
