Cointime

Download App
iOS & Android

Long-Term Bitcoin Holders Add $33 Billion Worth of BTC to Their Holdings in Past Year, Glassnode Data Shows

According to on-chain analyst Ali, long-term Bitcoin holders have added over 1.10 million BTC to their holdings in the past year, worth approximately $33 billion. This conclusion was drawn from the Bitcoin long-term holder supply, which has seen an increase in the past year. Glassnode reported that this indicator has reached a new all-time high of 14.52 million BTC, equivalent to 75% of the circulating supply, indicating that HODLing is the preferred market dynamic among mature investors or long-term Bitcoin holders. Fundstrat Research predicts that the price of Bitcoin may rise 521% from current levels to $180,000 before its anticipated halving in April 2024.

Comments

All Comments

Recommended for you