List of Flash News about Bitcoin 2024 trends
Time | Details |
---|---|
2025-05-02 17:39 |
Bitcoin Long-Term Holders Accumulate Over 254,000 BTC as Spending Remains Low: Trading Implications for 2024
According to Glassnode, Long-Term Holders have accumulated an additional 254,000 BTC that have aged over 155 days since the recent market low, with many purchases reportedly made above the $95,000 level. Current on-chain data shows limited spending activity among these holders, indicating renewed confidence and a lack of de-risking at prevailing market prices. This accumulation trend suggests strong holding sentiment and potential support levels, which are important factors for traders monitoring Bitcoin price stability and upward momentum (source: Glassnode). |