Rapid shift in Bitcoin liquidity reflects strong holder conviction

2023-7-21 19:00

Quick Take

The latest data reveals that a significant portion of the Bitcoin supply, approximately 15.2 million, is deemed illiquid. In other words, these are held by entities that aren’t regularly selling or trading, potentially implying a long-term investment strategy.

On the other hand, around 4 million Bitcoin are classified as liquid or highly liquid, reflecting frequent buying and selling activities. It’s worth noting that the speed of this shift in liquidity since May is one of the fastest ever observed.

This trend could signal increased conviction from holders, reinforcing Bitcoin’s store of value proposition while also potentially leading to reduced selling pressure in the market.

Supply: (Source: Glassnode)

The post Rapid shift in Bitcoin liquidity reflects strong holder conviction appeared first on CryptoSlate.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Bitcoin (BTC) на Currencies.ru

$ 64096.51 (+0.29%)
Объем 24H $31.068b
Изменеия 24h: 0.63 %, 7d: 9.96 %
Cегодня L: $62795 - H: $64382.66
Капитализация $1285.339b Rank 1
Цена в час новости $ 29881.86 (114.5%)

bitcoin entities strategy held illiquid words these

bitcoin entities → Результатов: 126


Биткоин ниже $20 000 вынудил майнеров и ходлеров капитулировать

Падение цены биткоина ниже $20 000 вызвало новую волну делевериджа и ликвидаций, которая затронула майнеров и долгосрочных инвесторов. К таким выводам пришли аналитики Glassnode. This weekend, #Bitcoin plunged below the 2017 $20k ATH, as numerous entities in the market were deleveraged or liquidated.

2022-6-22 18:01


Фото:

Glassnode: падение биткоина ниже $20 000 привело к капитуляции майнеров и ходлеров

Падение цены биткоина ниже $20 000 вызвало новую волну делевериджа и ликвидаций, которая затронула майнеров и долгосрочных инвесторов. К таким выводам пришли аналитики Glassnode. This weekend, #Bitcoin plunged below the 2017 $20k ATH, as numerous entities in the market were deleveraged or liquidated.

2022-6-21 12:47


Here's a 'potentially significant limitation' in El Salvador's Bitcoin experiment

Several entities have expressed their displeasure about El Salvador’s move to authorize Bitcoin as an optional legal tender in the country. A top critic has been JP Morgan, who continued to hammer tThe post Here's a 'potentially significant limitation' in El Salvador's Bitcoin experiment appeared first on AMBCrypto.

2021-7-13 05:00