Bitcoin

<ul><li>Long-term investors (LTHs) refer to investors who have held their coins for at least 155 days.</li><li>Recently, the Bitcoin market has been affected by FUD due to regulatory pressure from the US Securities and Exchange Commission (SEC) on crypto exchanges Binance and Coinbase.</li><li>Unlike previous FUD events such as the LUNA crash or 3AC bankruptcy, Bitcoin LTHs do not seem to be significantly affected by the current industry turmoil.</li></ul>Although many FUDs have affected the cryptocurrency market recently, long-term investors do not seem to be affected.<h2 id="header-0">Long-Term Investors Remain Inactive</h2><img src="https://academy-public.coinmarketcap.com/optimized-uploads/ecd4a22864184744a84fdcd3fcba392a.jpeg" />According to on-chain analytics firm Glassnode, long-term investors have only deposited about 0.004% of their recent supplies into exchanges. LTHs refer to investors who have held their coins for at least 155 days.<a href="https://en.coinotag.com/altcoin-exchange-1333421" rel="noopener noreferrer nofollow">Newly Released Coins With Plenty of Zeros - Click Here to Buy at a Low Fee Before Anyone Else!</a>LTHs typically make up one of the two main segments of the Bitcoin market, with the other group being short-term investors (STHs). STHs are owners who acquired their BTCs no more than 155 days ago.Statistically, the longer an investor holds their coins, the less likely they are to sell at any point. This means that LTHs are less likely to participate in sales, while STHs are weak hands who can easily sell. LTHs’ resistance has earned them the nickname “diamond hands.”Recently, the Bitcoin market has been affected by FUD due to regulatory pressure from the US Securities and Exchange Commission (SEC) on crypto exchanges Binance and Coinbase.In such an uncertain market environment, it is likely that STHs will make some sales. Of course, LTHs are expected to have stronger beliefs.To see how LTHs are coping with the current situation, Glassnode looked at exchange entry data for this group because investors typically transfer their coins to exchanges when they want to sell.The following graph shows the recent behavior of these investors.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/20142704f3df4707910b987ce90c3f8f.png" />Here, the entry of Bitcoin LTHs into the exchange is represented as a percentage of the total supply held by this group, known as diamond hands. From the graph, it can be seen that this indicator value has been very low recently. This means that investors have participated in a small amount of sales in the past few days.<a href="https://en.coinotag.com/altcoin-exchange-1333421" rel="noopener noreferrer nofollow">Newly Released Coins With Plenty of Zeros - Click Here to Buy at a Low Fee Before Anyone Else!</a>Currently, LTHs are only depositing 0.004% of their current supplies. The analytical company has also highlighted significant sales waves that these investors have participated in before, allowing for comparison with current values.Clearly, the current increase in this indicator does not even come close to the increases observed in recent years. For example, the sell-off following the FTX crash and the March 2023 recovery rally saw LTHs depositing at least 10 times more supply than what is currently observed.Unlike previous FUD events such as the LUNA crash or 3AC bankruptcy, Bitcoin LTHs do not seem to be significantly affected by the current industry turmoil.Source: <a href="https://en.coinotag.com/according-to-data-long-term-bitcoin-investors-are-not-affected-by-fud/" rel="noopener noreferrer nofollow">https://en.coinotag.com/according-to-data-long-term-bitcoin-investors-are-not-affected-by-fud/</a>

According to Data, Long-Term Bitcoin Investors are Not Affected by FUD

Table of Contents

CO NEWS

Other articles published on Jun 12, 2023

Hacking the hacker: unveiling BitBoy Crypto’s recent scandals

Why and how are the USA monitoring the adoption of cryptocurrencies in El Salvador?

Binance Removes 10 BNB Trading Pairs

Deaton Says “SEC Calling an Asset a Security Does NOT Mean It is a Security”

Bitcoin nears 50% market dominance

The DeFi sector should develop 100x in 5 years

Join our free newsletter for daily crypto updates!