Estimated reading time: 0 minutes, 24 seconds

HODLers Gonna HODL, New Blockchain Data Shows

New research suggests growth in Bitcoin being held between one month to half a year. This indicates that there is “strong conviction” behind the coin’s recent rally. So reports Coindesk.

bitcoin 3089728 640 smallThe data comes from on-chain data platform Glassnode and indicates new “HODLers” of Bitcoin are up 500% since October. “BTC purchased between $10,800 and $58,800 now represents 25% of the total supply with no sign of slowing down, based on Glassnode’s data,” according to the article.

Read the full article from Coindesk.

Read 50 times
Rate this item
(0 votes)

Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.