Determining the strength of the crypto market requires looking at more than just Bitcoin’s price. Addresses holding BTC as a long-term investment represent the foundation of the Bitcoin market and hold the fort in times of high volatility. The amount of BTC held as a long-term investment can be determined by how often its circulating…
Bitcoin’s (BTC) price crash has pushed out “market tourists,” and only long-term holders are currently trading the asset, a Glassnode report revealed on July 5. According to the report, Bitcoin recorded its worst-performing month since 2011 in June as it recorded a 37.9% drop in its price. Source: Glassnode Due to the record-breaking crash, there…