📈 According to Glassnode, HODLers are currently accumulating coins at a rate of around +42.2K BTC/month. This indicates that the price-insensitive class is absorbing a significant portion of the available supply.
When we compare this behavior to previous cycles, we observe that this steady and gradual accumulation trend started more than 2 years ago. This suggests that we may have another 6 to 12 months of this accumulation phase ahead of us.
🔮 It's fascinating to see the dynamics of cryptocurrency markets and how different market participants contribute to the overall ecosystem. As HODLers continue to accumulate, it will be interesting to see how this trend influences the price and the long-term outlook of Bitcoin.
