Editor's PiCK
Ju Ki-young: "Bitcoin long-term holders have purchased over 881,578 additional coins in the past month"
Minseung Kang
Summary
- Ju Ki-young, CEO of CryptoQuant, announced that long-term holders of Bitcoin purchased an additional 881,578 units over the past 30 days.
- It was reported that the cumulative buying trend of long-term Bitcoin investors has been strengthening recently.
- On this day, Bitcoin plummeted due to conflict in the Middle East, but rebounded slightly to trade around $104,870.
An analysis has revealed that the cumulative buying trend of long-term Bitcoin (BTC) investors is once again noticeably strengthening.
On the 13th, Ju Ki-young, CEO of CryptoQuant, announced via X (X, formerly Twitter) that "long-term holders of Bitcoin have purchased a total of 881,578 BTC over the past 30 days."
Meanwhile, on this day, Bitcoin, after sharply dropping to $103,556 amid escalating conflict in the Middle East, rebounded slightly and is now trading around $104,870.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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