Bitcoin: HODLers unperturbed despite market volatility

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

From an on-chain perspective, Bitcoin holders are unfazed by the market shake-up. Will they be resilient till respite?

Based on the data above, the average accumulation rate per month hit 37,400 BTC. TOn evaluating the Bitcoin, Glassnode showed that there have been shifts in spending patterns, ownership structure, and average holding perspective.

Typically, these cohorts are connected to HODLers who spend only a little fraction of BTC daily. Thus, the increase suggests that more BTC owned by this group has been spent lately.However, it was a contrasting scenario with recently accumulated coins. At press time, the less than six months spent young coin volume had decreased.of historically younger coins while measuring on-chain transaction activity. Higher values here indicate a large degree of network participation.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in BUSİNESS

Business Business Latest News, Business Business Headlines