Tracking on-chain metrics of glassnode According to data, the total holdings of long-term Bitcoin holders BTC amount is approaching its historical peak.
Long-term holders (LTH) means the group of investors holding BTCs for at least 155 days.
According to historical data, the longer investors hold their Bitcoins, the less likely they are to sell it. Therefore, we can say that long-term investors do not easily sell their BTC.
Short-term investors (STH) tend to sell more of their cryptocurrencies.
When looking at the chart, it is generally seen that the price peaks as the number of long-term investors reaches the bottom, while the price is at the bottom when the number of long-term investors reaches the peak.
What’s the Latest in Bitcoin? Will the Decline Continue?
As the US dollar continues to appreciate around the world, sales are coming in risk products. First cryptocurrencies The declines continue in products such as gold and stocks.
The dollar index rose to 110.22, the highest of the last 20 years.
Bitcoin continues to stay below the $20,000 threshold. The leading cryptocurrency lost 4% today. As of writing, it is trading around $18,900.
Ethereum on the other hand, it finds buyers at the level of $ 1,581 with a loss of 2.2%.
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