The data comes from on-chain data platform Glassnode and indicates new “HODLers” of Bitcoin are up 500% since October. “BTC purchased between $10,800 and $58,800 now represents 25% of the total supply with no sign of slowing down, based on Glassnode’s data,” according to the article.
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HODLers Gonna HODL, New Blockchain Data Shows
New research suggests growth in Bitcoin being held between one month to half a year. This indicates that there is “strong conviction” behind the coin’s recent rally. So reports Coindesk.
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