According to cryptocurrency research and data analytics firm Glassnode, the number of addresses holding short-term Bitcoin is decreasing, while the number of addresses holding long-term Bitcoin is increasing.
In the report published by Glassnode on March 14, from 6 months It was stated that the number of accounts holding bitcoin for more than 1 month continues to decrease.
Glassnode mentioned in its report:
Despite short-term demand, “Hodl” remains the choice. Short-term tokens are at all-time lows. This says historically the bear market is not coming right now.
Long-term crypto holders benefit from the volume of mining returns. 7.6 floors Stating that it has a larger balance, Glassnode stated that this situation positive in the long run said that.
Glassnode continues to support short-term crypto investors despite the declines in the past weeks. by not selling stated that it has become long-term.
In a report by Glassnode, short-term crypto investors 82% of transactions are in loss said that. He explained that this situation, waiting for a profit, was not processed, so the volume decreased and it resembled the events that took place after the bear market.
Last week, the biggest exit from the stock markets in the last five years. 31,130 bitcoins exit had occurred. According to Glassnode, this exit is bitcoin’s growing reputation is showing.