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Analyst: Long-Term Holders Are Increasing Their BTC Positions On Dips
Summary: On-chain analyst William Clemente said in a post that Strong Hands (people who hold Bitcoin for a long time) are actively increasing their holdings of Bitcoin. Since the end of May, the illiquid supply of Bitcoin has been steadily increasing. In other words, long-term holders increased by 120,739 BTC, while "short-term" holders decreased by 97,333 ...
On-chain analyst William Clemente said in a post that Strong Hands (people who hold Bitcoin for a long time) are actively increasing their holdings of Bitcoin.
Since the end of May, the illiquid supply of Bitcoin has been steadily increasing. In other words, long-term holders increased by 120,739 BTC, while "short-term" holders decreased by 97,333 BTC. A similar process occurred in 2013 and 2016. The article stated that this is how experienced holders "set the bottom line" for the next stage of the bull market.
By Mary Liu
Tags: Bitcoin,William Clemente
Link: Analyst: Long-Term Holders Are Increasing Their BTC Positions On Dips [Copy]
