menu
techminis

A naukri.com initiative

google-web-stories
source image

Bitcoinist

3w

read

426

img
dot

Image Credit: Bitcoinist

Bitcoin Pattern Breaks: Price Near ATH, But HODLers Still Not Selling

  • HODLing behavior remains dominant among Bitcoin investors despite the price nearing the all-time high (ATH).
  • Glassnode's weekly report highlights the growth in Long-Term Holder Supply, indicating a strong HODLing sentiment in the market.
  • The Long-Term Holder Supply has reached a new ATH of 14.7 million BTC, showing that accumulation and maturation flows outweigh distribution pressures.
  • The Liveliness indicator also reflects a shift towards HODLing behavior, suggesting a potential need for a price expansion to stimulate renewed spending activity.

Read Full Article

like

25 Likes

For uninterrupted reading, download the app