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.

Fatimah Naifeh

Studied at the Italian University (Sapienza Università di Roma) in a double degree program in financial markets and institutions. Ideas for out-of-the-box investments, a selection of financial news, economic research, and mobile apps for financial management. A diary of stock market investments and IPOs.

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