According to the IntoTheBlock's holders' composition by time held, 61% of Bitcoin holders have held onto their coins for more than a year, 33% have held on for a year and 7% have held onto their coins for less than a month. The greater chunk of Bitcoin holders being medium- and long-term holders might suggest that Bitcoin may have been seeing buying pressure from this class.
Bitcoin dominance, which refers to Bitcoin's market share on the overall cryptocurrency market, rose slightly to 46.3%, while that of Ethereum was 17.5%. The crypto market capitalization had declined slightly by 1.90% to a record $1.22 trillion at press time.
For months now... But now chiming in for the reversal?
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