Bitcoin: HODLers unperturbed despite market volatility

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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.

 

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