Tuesday, December 7, 2021
Home Crypto News Analysis Glassnode Data Shows Bitcoin Whales Are Not Panic Selling Despite Falling BTC...

Glassnode Data Shows Bitcoin Whales Are Not Panic Selling Despite Falling BTC Prices

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Bitcoin’s 20% correction did not push long-term investors to trigger massive sales.



17% of Bitcoin investors purchased BTC in the range from $56,000 to $69,000, While 83% bought bitcoin from the $20,000 to $45,000 range which are still in profit.

 

Glassnode shares details that long-term holders have accumulated 13.5M BTC in past months and they have only distributed 100k BTC over the last month, which is only 0.7% of their total holdings.

 

According to Glassnode the vast majority of long-time holders remain in profit, holding 78.7% of BTC in profit. Only 3% of the supply is held by short-time holders that are at a loss. Short-time holders who bought the top currently hold the majority of BTC at an unrealized loss.

 

 

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Albert Brownhttps://thecryptobasic.com/
Albert Brown is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. Holds major cryptocurrencies and has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

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