Everyone is watching the price, but I'm paying more attention to what the long-term holders are doing.
According to the latest Glassnode data, wallets that have held $BTC for over 155 days have started accumulating again after months of distribution. Smaller investors are buying aggressively, and several mid-sized wallets are doing the same. The biggest whales are still cautious, but that's not unusual in the early stages.
This doesn't guarantee that the bottom is in, but history shows that long-term accumulation often begins when sentiment is at its weakest.
The market is still fearful. Smart investors are watching the blockchain.
What's your view on Bitcoin at these levels? 👇
#Bitcoin #BTC #BinanceSquare #Crypto #OnChain
According to the latest Glassnode data, wallets that have held $BTC for over 155 days have started accumulating again after months of distribution. Smaller investors are buying aggressively, and several mid-sized wallets are doing the same. The biggest whales are still cautious, but that's not unusual in the early stages.
This doesn't guarantee that the bottom is in, but history shows that long-term accumulation often begins when sentiment is at its weakest.
The market is still fearful. Smart investors are watching the blockchain.
What's your view on Bitcoin at these levels? 👇
#Bitcoin #BTC #BinanceSquare #Crypto #OnChain