Bitcoin’s Bull Run Backed by Growing Long-Term Holders
For the first time since it hit an all-time high in mid-August, Bitcoin (BTC) has gone back up to $120,000, making participants more positive about the market.
However, pseudonymous analyst Avocado_onchain has identified an important aspect to the latest rally: that it’s not only powered by macro conditions and ETF inflows but also by the rising share of long-term holders (LTHs), signaling growing conviction in the number one cryptocurrency’s trajectory.
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Bitcoin (BTC) Price Touched $124K, Binance Coin Hit a New ATH (Weekend Watch)
Bitcoin’s Bull Run Backed by Growing Long-Term Holders
For the first time since it hit an all-time high in mid-August, Bitcoin (BTC) has gone back up to $120,000, making participants more positive about the market.
However, pseudonymous analyst Avocado_onchain has identified an important aspect to the latest rally: that it’s not only powered by macro conditions and ETF inflows but also by the rising share of long-term holders (LTHs), signaling growing conviction in the number one cryptocurrency’s trajectory.
Read More