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Bitcoin Holders Shift Gear: Average Age Of BTC Wallets Declines Sharply

Bitcoinist LogoBitcoinist10h ago

Bitcoin Holders Shift Gear: Average Age Of BTC Wallets Declines Sharply - Bitcoinist

Quick Summary:

As Bitcoin is regaining significant upward strength, a notable trend has been spotted among long-term holders as indicated by a huge drop in the average age of wallets holding BTC.

The trend demonstrates shifting market dynamics, prompting the modification of positions by retail and institutional players in anticipation of future price fluctuations.

Meanwhile, a rise in the indicator suggests that coins are becoming increasingly stagnant, which could influence market dynamic,s as seen between May 2021 and October 2023.


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Bitcoin Holders Shift Gear: Average Age Of BTC Wallets Declines Sharply - Bitcoinist (Picture 1)

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 18:00:24 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 487 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 15 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 23926401

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 10 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

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The story "Bitcoin Holders Shift Gear: Average Age Of BTC Wallets Declines Sharply" has 487 words across 33 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "Bitcoin Holders Shift Gear: Average Age Of BTC Wallets Declines Sharply" was covered 10 hours ago by Bitcoinist, a news publisher based in Hungary.

How trustworthy is 'Bitcoinist' news outlet?

Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 10 news stories per day.

It's most recent story was published 9 hours ago.

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  • URL: https://beamstart.com/news/bitcoin-holders-shift-gear-average-17328169114874

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