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Conversely, this also means that addresses with an average purchase date over 155 days hold 80% of the Bitcoin supply. High conviction HODLers have accumulated during this consolidation period and are establishing a price floor. Unless the HODLers uncharacteristically dump their supply on the market, 80% of Bitcoin supply is essentially illiquid. This is a bullish sign, as long-term holders tend to only sell at bull market peaks.
https://seekingalpha.com/article/4457565...plosive-q4
Conversely, this also means that addresses with an average purchase date over 155 days hold 80% of the Bitcoin supply. High conviction HODLers have accumulated during this consolidation period and are establishing a price floor. Unless the HODLers uncharacteristically dump their supply on the market, 80% of Bitcoin supply is essentially illiquid. This is a bullish sign, as long-term holders tend to only sell at bull market peaks.
https://seekingalpha.com/article/4457565...plosive-q4
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Corrections are usually over very quickly, and they're traditionally painless to long-term investors.
Experience is what you get, if you expect anything else!
Alles ist Zahl - die Vollkommenen --> 6; 28; 496; 8128; 33550336; 8589869056
Corrections are usually over very quickly, and they're traditionally painless to long-term investors.
Experience is what you get, if you expect anything else!
Alles ist Zahl - die Vollkommenen --> 6; 28; 496; 8128; 33550336; 8589869056