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Volume Of Bitcoins In The Wallets Of Hodlers Reached A 5 Year High - Investment - Nairaland

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Volume Of Bitcoins In The Wallets Of Hodlers Reached A 5 Year High by altcoinng: 10:06am On Oct 17, 2022
The total amount of lost bitcoins as well as bitcoin in the wallets of long-term crypto investors reached a five-year high (7,554,982.124 BTC).

An increase in the metric means that bitcoin’s active market supply is decreasing. This promises an optimistic outlook for the price of bitcoin, provided the demand for it is growing or unchanged.

On the other hand, QryptoQuant analysts noted the continuation of the bearish trend.

According to their observations, investors who bought bitcoin after December 2020 are now at a loss. Consequently, the long-term Spent Output Profit Ratio is unlikely to resume its uptrend any time soon.

https://altcoin.ng/volume-of-bitcoins-in-the-wallets-of-hodlers-reached-a-5-year-high/

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