Are Bitcoin holders back to action after marrying the sell-off decision

Are Bitcoin [BTC] holders back to action after marrying the sell-off decision

transfer volume. Bitcoin transfer volume hit $2.99 trillion in 2021 when Bitcoin’s price peaked at around $64,000.Now, 2022 saw the BTC market sustainWhen LUNA collapsed, the total transfer volume in a loss amounted to 538kSource: GlassnodeNonetheless, BTC holders seem to have weathered the storm.

In a tweet, Glassnode noted that more than 80% of the total U.S. dollar -denominated wealth invested in Bitcoin has not been touched for at least three months.That is to say, the “majority of BTC coin supply is dormant” and that HODLers are “increasingly unwilling to spend at lower prices,” as per the analytics firm Glassnode.

In fact, at the time of writing, the number of non-zero addresses reached an ATH. Ergo, adding support to the HODL activity.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CryptoAmb /  🏆 22. in CA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here’s what Shiba Inu [SHIB] holders should know before sellingShiba Inu investors have been in a joyous mood over the past few days. To many, SHIB seems to be on a positive tangent. Whale accumulation, exchange listings, and update launches are giving good reasons for holders to stay jubilant. Let the memes begin SHIB investors are looking to make the most of the recovery […]
Read more »

Bitcoin miners sold nearly 400% of their production in June but…Bitcoin, the world’s largest cryptocurrency, despite the latest price hike, is finding it difficult to lure miners and prevent the exodus. For many operators, Bitcoin mining was an astonishingly lucrative activity, with gross margins sometimes as high as 90%. Alas suddenly, things have changed. First of all, Bitcoin’s price has plunged – from its peak […]
Read more »

Canada’s decision to exempt gas turbines from sanctions right thing to do: Freeland - National | Globalnews.caFreeland says Canada's decision last week to send repaired parts of a Russian natural gas pipeline back to Germany was a difficult decision, but the right one.
Read more »

Decision to exempt gas turbines from sanctions right thing to do: FreelandChrystia Freeland says the decision to send repaired parts of a Russian natural gas pipeline back to Germany was a difficult decision.
Read more »

The froth is off: Canadian houses now selling at $200K discountsThe plunge is merely a correction of a Canadian real estate market that has been operating beyond economic fundamentals.
Read more »

Crypto SWOT: Nearly All Industrial Scale Bitcoin Miners In Texas Have Shut Off Their MachinesCrypto SWOT: Nearly All Industrial Scale Bitcoin Miners In Texas Have Shut Off Their Machines kitconews gold silver economics metals investing mining finance
Read more »