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Glassnode: Long-term Bitcoin Holders are Accumulating Bitcoin Again
Summary: Long-term Bitcoin holders are accumulating Bitcoin again, Glassnode founders Jan Happel and Jann Allemann have tweeted, sharing a chart showing financial institutions grabbing Bitcoin for long-term keeping. The chart in the tweet demonstrates that investors are still highly confident about the second-largest cryptocurrency since the outflow of ETH from crypto exchanges is high enough. A ...
Long-term Bitcoin holders are accumulating Bitcoin again, Glassnode founders Jan Happel and Jann Allemann have tweeted, sharing a chart showing financial institutions grabbing Bitcoin for long-term keeping.
The chart in the tweet demonstrates that investors are still highly confident about the second-largest cryptocurrency since the outflow of ETH from crypto exchanges is high enough.
A chart shared on the Twitter profile of the Glassnode cofounders shows that the Bitcoin Long-Term Holder Position Change has turned green for the first time since October and has been going green since early April. Long-term Bitcoin holders are mostly whales and financial institutions who have been actively accumulating the world's flagship digital currency as of late, making the demand for it stronger and the price higher.
By Amy Liu
Tags: Bitcoin,Glassnode,Holders
Link: Glassnode: Long-term Bitcoin Holders are Accumulating Bitcoin Again [Copy]
