But more inexperienced investors have been choosing to become long-term Bitcoin holders, limiting sell-side risks below $30,000.
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Short term Bitcoin buyers transition to long term holders: Glassnode
Although long-term coin selling saw a marked increase last week, HODLing is still the preferred strategy as more of the short-term supply is becoming long-term
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Total exchange BTC inflows have been net negative since July ’21
There have been more outflows than inflows to most exchanges except Binance, FTX, Bittrex, and Bitfinex since last July, suggesting sellers may be exhausted according
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Glassnode: Ethereum Whale Supply Last Active 7 Years Ago Hit New ATH
While small-scale investors continue to flood into Ethereum, the supply of ETH that was last active 7 years ago remains unsold. Ethereum Whales Wallets Remain
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Non-zero BTC addresses hit all-time high of 40 million
The supply-side dynamics of the Bitcoin network continue to demonstrate strong adoption as there are now more addresses with a positive BTC balance than ever
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On-chain metrics hint at a bearish outlook for Bitcoin
Bitcoin on-chain analysis is showing more short-term holders registering losses, and they are statistically more likely to sell according to Glassnode.
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