Bitcoin Trades involving Young Coin are being held by Long-Term investors

Bitcoin Trades involving Young Coin are being held by Long-Term investors

Short time speculators are selling BTC while long-term holders are continuing to accumulate BTC.

On the premise of Glassnode research, an on-chain analysis provider, that on the blockchain, 95% of Bitcoin changing hands was last moved less than three months ago.

A minimum of 5% output are more than 90 days old and which indicates the vast majority of BTC moving chain are young coins as reported by Glassnode on  March 15 week on chain.

Addresses that have been holding BTC for at leat three years have uniquely snowballed their holdings over the past six to twelve months, while since 2020, short time holders have been taking profits as seen in Glassnode data.

LTH or long term holders are wallets that have held bitcoin for more than 155 days while STH or short term holders are wallets that move Bictoin within 155 days on chain or receiving bitcoin.

With accumulating BTC in bear markets and offloading some during bull market, LT or Long term holding seems to have high knowledge of Bitcoin as the report asserts, while new market participants or short-term speculators are those that always move value between exchanges it added are STH.

10.85 million BTC or 58% of Bitcoins are circulating supply are currently in profit according to the last time they were moved on chat  while 53.millionm BTC are recently in profit and are in STH wallets as reported by Glassnodes in the current price.

LTH are in possesiion of more coins that in previous market as reported by Glassnodes.

The analytics provider also identified that the number of active new entities has recently spiked to new all-time highs, indicating many new retail investors have recently entered the space.

 

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