Bitcoin Still Showing Signs of Bullish Accumulation

in bitcoin •  4 years ago 

image.png
Source:https://twitter.com/glassnode/status/1387436454624772100/photo/1

According to Glasnode,

supply held by Long Term Holders (LTH) usually needs to be spent to 'put the top in'.

As it stands, long term holders of BTC are at around 67% and increasing. That's a good sign - a likely indicator that this bull-market still has legs.

bitcoin btc bullishaccumulation
4 years ago by

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      ·  4 years ago 

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