Express

Hodling Sentiment May Push BTC Price Upwards

Emily Mason

Summary: On Monday, June 8 $265 million worth of BTC was taken out from exchanges, glassnode data shows. This data point suggests that BTC owners do not plan to sell their coins in the near future, supporting a recent trend of hodling. This could lower the supply of the coin leading to increased prices if demand ...

On Monday, June 8 $265 million worth of BTC was taken out from exchanges, glassnode data shows.

This data point suggests that BTC owners do not plan to sell their coins in the near future, supporting a recent trend of hodling. This could lower the supply of the coin leading to increased prices if demand remains the same.

By Emily Mason

Last Update:

Tags: ,,
Link: Hodling Sentiment May Push BTC Price Upwards   [Copy]
  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... 6 hours ago
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 15 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 22 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 26 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 28 days ago
  • You need to login to comment.