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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

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