Strong hands accumulate BTC 💰

I found one interesting infographic on Glassnode's Twitter today. It shows how long-term holders are adding 50,000 BTC, or $1.35 billion, to their holdings each month. Holders continue to accumulate bitcoins and thus reduce the liquidity of the market.

🔤 As a result, the number of bitcoins held by long-term investors set a new record of 14.859 million - 76.1% of the available supply. Just imagine - more than 3/4 of all BTC are in the hands of big players. That's a lot.

At first, you might think that this is a negative factor, as they can easily manipulate the price if they want to. But on the other hand, it's not like they're going to drop the price.

📍Their goal is to make as much money as possible, and to do that they will try to pump up the price as much as possible. And this is good for both us and them.

❔ Would you like more posts with similar on-chain analytics on popular coins?

🔥 - Yes

🧐 - No

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