1128 days ago
More coins are accumulated into long term holding positions than ever before
The trend of coins being withdrawn and locked away into long term holding patterns is a direct response to the worlds central bank response to 2020. This data provides strong evidence that Bitcoin is now viewed as an important macro asset. Whilst on-chain metrics are resetting, and some may argue there is room to go in this correction, there still appears to be significant demand from long-term investors. This is quite unique in trend and scale compared to Bitcoin's history, especially at this stage in a bull market. - Glassnode


