Investors are keeping their coins still, with the amount of Bitcoin not budging nearing a new all-time high.
A Decrypt article reporting on research by Glassnode.
- Glassnode added in the report that there is “a turning of the cycle and a marked shift in investor behavior patterns.”
- such activity has been previously observed in prior bear markets, “potentially signaling a perception that the market is oversold”
- Dormant coins actually become “increasingly unlikely to be spent” after a 155-day holding period