Veteran Bitcoin hodlers are still selling record low amounts of BTC despite 70% gains in 2021

Seasoned Bitcoin (BTC) hodlers have hardly spent any coins despite $69,000 all-time highs this year, data shows.

According to the Coin Days Destroyed (CDD) metric from on-chain analytics firm Glassnode, the proportion of coins being spent by old hands remains near record lows.

Strong hands knuckle down throughout 2021

In the latest sign of the conviction of those who invest in and hold Bitcoin over multiple years, CDD remains extremely calm.

The indicator refers to how long each BTC has been…

Source link

About bitcoin

Check Also

Bitcoin bulls must reclaim these 2 levels as ‘death cross’ still looms

Bitcoin (BTC) faces a sink-or-swim resistance test to confirm its “macro breakout,” new analysis says. …

Leave a Reply

Your email address will not be published. Required fields are marked *