Bitcoin

<ul><li>Glassnode tweeted that BTC’s Realized Cap HODL Waves have surged by more than 80%.</li><li>This suggests a noteworthy transfer of wealth from long-standing Bitcoin holders to newer participants in the market.</li><li>At press time, BTC was trading hands at $27,114.40 after a 0.98% price increase.</li></ul>In a <a href="https://twitter.com/glassnode/status/1664381356233695232" rel="noopener noreferrer nofollow">tweet</a> posted yesterday, the on-chain analysis firm Glassnode noted that the 1d-3m Bitcoin (BTC) Realized Cap HODL Waves experienced a significant increase, rising from a cycle low of 11.5% to a current value of 21.4%. This meant that BTC’s Realized Cap HODL Waves experienced a more than 80% surge.This observation indicated a noteworthy transfer of wealth from long-standing Bitcoin holders to newer participants in the market. Such a phenomenon is frequently observed during critical turning points in the market cycle.<a href="https://coinedition.com/btcs-realized-cap-hodl-waves-has-surged-by-80-on-chain-data/" rel="noopener noreferrer nofollow">See the Original CoinEdition</a>

BTC’s Realized Cap HODL Waves Has Surged By 80+%: On-Chain Data

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