icon
Cryptocurrenies

The number of coins in the wallets of long-term investors reached 13 million BTC

In a new report, Glassnode analysts focused on the 155-day mark to separate short-term and long-term holders.

Based on this classification, long-term hoarders continue to increase their share of the first cryptocurrency’s total volume – about 421,000 BTC are moving into the long-term category each month, and the number of coins in the wallets of long-term investors has reached 13 million BTC.

16.8% of the BTC issue was purchased in the recent range between $29,000 and $40,000 – experts believe that this trend will continue from October to December.

Analysts also noted that after a “moderate influx” of the first cryptocurrency to exchange wallets in May 2021, the growth of illiquid coins resumed.

Joseph Andrew

I am an alumnus of the University of British Columbia who has spent more than eight years honing my writing and researching skills. Since 2013, I have been providing outstanding professional writing services for some financial newspapers. I am a thorough reader and researcher with a passion for creativity, and I love writing with accuracy and originality. I pay attention to every detail, and I believe in quality that brings the desired outcomes. My work is always original and adheres to scientific best practices without compromising on the quality and value to the reader.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button