33 days ago • Posted by William Ramstein
Data shows Bitcoin Long Term Holders don't rush for exits.
According to Glassnode, '' The chart above shows that LTHs did indeed commence spending their coins in the period from October 2020 through to 8 January 2021 (CDD trending higher). However, since 8 January, LTHs have slowed this distribution behaviour. Both the 7-day and 30-day moving averages of CDD have returned to levels that are elevated, but not uncommon for early bull markets and even bear markets. This metric indicates that similar to miners, LTHs are taking profits, but are certainly not rushing for the exits.''