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The Daily Hodl 2024-04-02 19:55:08

Injection of New Capital Supporting Bitcoin As Long-Term Holders Distribute to Newcomers, According to Glassnode

Longer-term Bitcoin (BTC) holders have begun trading their coins off to new investors entering the market, according to on-chain analytics firm Glassnode. In a new report, Glassnode says that Bitcoin’s recent move into price discovery above new all-time highs has enticed holders who were far in profit to distribute to a newer investor cohort. The The post Injection of New Capital Supporting Bitcoin As Long-Term Holders Distribute to Newcomers, According to Glassnode appeared first on The Daily Hodl .

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