Bitcoin hodlers are about to spark a run to new BTC
September 23, 2021
0
price highs, data suggests
The proportion of the BTC supply, which has been dormant for at least a year, looks set to increase after putting in local lows.
11132
65
1:59
Bitcoin hodlers are about to spark a run to new BTC price highs, data suggestsMARKETS NEWS
Seasoned Bitcoin (BTC) hodlers are about to spark a new price run-up by hoarding BTC, data reveals this week.
According to on-chain monitoring resource Glassnode, the Bitcoin supply is due to put in a fresh aging process.
1-year-old supply bottoms out
Highlighting its active supply metric, Glassnode researchers noted that the percentage of the Bitcoin supply, which last moved a year ago or more, is forming a local bottom.