Bitcoin

<p>Data shows long-term Bitcoin investors, or holders of over 155 days, are accumulating BTC at a brisk pace of 50,000 per month on average.</p>
<p>According to blockchain analytics firm Glassnode, these loyal holders have amassed 14.86 million BTC – over 76% of the circulating supply and a new all-time high.</p>
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<p>The aggressive accumulation is tightening available supply while reflecting reluctance to transact coins. Both factors contribute to growing market illiquidity.</p>
<p>Illiquidity typically precedes significant price rallies, as constrained supply amplifies upside moves. It also discourages short-term trading, encouraging holders to keep coins off exchanges.</p>
<p>The data illustrates that despite bearish sentiment, veteran Bitcoiners are stacking BTC with a long-term mindset. This cohort is taking advantage of discounted prices.</p>
<p>Their sustained buying applies continual pressure on liquid coins available for purchase. With exchange reserves also declining, markets grow more illiquid while strengthening holders’ grip.</p>
<p>Unless a flood of selling emerges, the scarce liquidity makes Bitcoin ripe for exaggerated spikes when bullish momentum returns. For now, aging veterans continue securing their piece of the capped BTC total.</p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/long-term-bitcoin-holders-continue-amassing-50000-btc-per-month-analyst/">Long-Term Bitcoin Holders Continue Amassing 50,000 BTC Per Month – Analyst</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Long-Term Bitcoin Holders Continue Amassing 50,000 BTC Per Month – Analyst

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