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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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The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

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