Summary
- Long-term Bitcoin holdings have reached a record 14.46 million BTC.
- The buying trend among long-term holders signals strong market confidence in a price increase, which could serve as a positive factor for future appreciation.
- While short-term investors sold around 350,000 BTC, long-term investors accumulated 500,000 BTC.
The number of Bitcoins (BTC) held by long-term investors has reached an all-time high.
On the 10th (local time), CoinDesk reported, "Long-term holders' Bitcoin holdings reached 14.46 million BTC," and described this as "an all-time high." It continued, "This demonstrates strong market confidence in a price increase," adding, "It could act as a positive factor for future price appreciation."
In contrast, short-term investors are noted to be on a selling trend. The outlet said, "From March to June, short-term investors sold about 350,000 BTC," which contrasts with the fact that long-term holders accumulated 500,000 BTC.
As of 12:01 PM, according to the Binance USDT market, Bitcoin is trading at $108,537, up 0.91% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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