Advertisement
AD

Main navigation

Long-Term Bitcoin Holders Start Accumulating BTC First Time Since It Was $12,000: Glassnode

Advertisement
Thu, 15/04/2021 - 16:01
Long-Term Bitcoin Holders Start Accumulating BTC First Time Since It Was $12,000: Glassnode
Cover image via stock.adobe.com
Read U.TODAY on
Google News

A Twitter user going under the name "Documenting Bitcoin" has shared a Glassnode chart that shows that holder addresses on which Bitcoin is stored long-term have begun accumulating more Bitcoin for the first time since October-November 2020, when BTC was worth around $11,500 and close to $12,000.

Advertisement

As per the chart, from November to now, miners and other long-term holders have been dumping Bitcoin as it grew from $13,000 and first recovered to the $20,000 peak of 2017, and again when it went higher toward $40,000 and $50,000.

Related

As reported by U.Today earlier, Bitcoin miners started to accumulate BTC instead of selling some time ago. This chart shows that they continue to do so: the long-term holder net position change indicator keeps going green.

7227_0
Image via Twitter

On Wednesday, April 14, spurred by the future Coinbase direct listing on the Nasdaq, Bitcoin set a new all-time high record in the $64,500 area.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD