Long-term Bitcoin holders resume accumulation, adding almost 70,000 BTC post-downturn

exchange68September 10, 2024

0 0 2 minutes read

Recent data from Glassnode reveals that long-term Bitcoin holders have resumed accumulating shares, adding about 70,000 BTC to their wallets since the cycle’s bottom. Traditionally, these seasoned investors sell during peak prices, but their current buying activity aligns with Bitcoin’s stabilization around $60,000. What does this trend indicate about Bitcoin’s near future, especially when juxtaposed against historical behaviors of both long-term and short-term holders during similar cyclical phases? Discover what seasoned analysts at CryptoSlate are predicting.

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