Bitcoin Crash? HODLers Still Unfazed As They Add $10 Billion To Holdings

Quick Summary:

Data shows the recent crash hasn’t shaken the long-term holders of Bitcoin, as they have only increased their supply further.

As explained by analyst Ali Martinez in a new post on X, the supply held by the BTC long-term holders has increased during the latest downturn in the cryptocurrency.

The same rule doesn’t apply to selling, though, as coins see their age instantly reset back to zero as soon as they are transferred across the blockchain, thus kicking them out of the cohort.

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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets: Hungary

Topics: Bitcoin News Bitcoin accumulation Btc Bitcoin Long-Term Holder Supply Bitcoin Crash Bitcoin Long-Term Holders Bitcoin Btcusd Bitcoin HODLers

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-09 @ 09:00:13 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 467 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21997875

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About Bitcoinist

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Official Website: bitcoinist.com

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Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

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Publisher ID: #105

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