Long-term Bitcoin holders have amassed over 75% of BTC
2022/10/26 00:44
According to Cryptopotato, the gloomy market condition has failed to deter long-term Bitcoin holders who are currently in possession of more than 75% of all existing BTC. As per an analyst at the crypto analytics platform CryptoQuant, this level was last seen in October 2015. The sentiment of long-term holders is important as they represent experienced market participants that have been through different phases of the market. CryptoQuant’s chart depicted that BTC is shifting from younger, less experienced market participants, to long-term holders.
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