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via Bitcoin Magazine · By Bitcoin Magazine Editorial

79% Of Bitcoin Supply Locked By Long-Term Holders: Analyst

BTC

BTC/USDT

$62,437.42

-2.48%

$62,437.42

-2.48%

(24s)

24h Volume

$18,989,228,287.53

24h H/L

$64,445.19 / $62,272.07

Change: $2,173.12 (3.49%)

Long/Short

66.3%

Long: 66.3%Short: 33.7%

Funding Rate

-0.0004%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,455.20

▼ -0.80%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$64,767.31

Resistance 1$62,935.35

Price$62,455.20

Support 1$61,834.17

Support 2$60,268.58

Support 3$52,679.32

Pivot (PP):$62,627.31

Trend:Downtrend

RSI (14):33.8

Bitcoin Magazine Editorial

(02:00 PM UTC)

1 min read

Updated byDavid Kim

1196 views

0 comments

Bitcoin is showing signs of stabilization after a brutal stretch, and research firm K33 says the on-chain evidence is difficult to ignore. In its latest market report, K33 Head of Research Vetle Lunde pointed to a record share of Bitcoin supply held by long-term holders — a metric that, historically, has preceded the end of every major bear market in Bitcoin’s history.

Long-term holders now…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Bitcoin Magazine Editorial · Bitcoin Magazine

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