On-chain Data Reveals Bitcoin Moving To Illiquid Wallets; Holders "Not Selling"
BTC HODLers Multiply According to Glassnode, the il liquid supply of Bitcoin is steadily increasing at a rate of +119K BTC per month. This indicates that coins are increasingly accumulating in wallets with minimal transaction history, reinforcing the notion that HODL ing remains the prevailing market dynamic. advertisement This trend suggests that a significant portion of BTC holders are choosing to retain their coins rather than actively trading or selling them. In parallel, Bitcoin dominance has been climbing, currently standing at 47.6%, representing a year-to-date increase of 7.6%. This upward trajectory indicates a consistent rotation of capital from altcoins to major cryptocurrencies. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...