Are Bitcoin HODLers, retailers at crossroads over BTC’s future growth

On 26 September, as per Glassnode, a crypto analytics company, the Coin Days Destroyed(CCD) metric of BTC was at an all-time low. This statistic implied that despite the bearish movement of BTC, long-time holders were staying put and were HODLing their supply. Evidently, long-term HODLers of Bitcoin have renewed faith in the king coin, and […]

This statistic implied that despite the bearish movement ofEvidently, long-term HODLers of Bitcoin have renewed faith in the king coin, and there is a possibility that they are expecting a positive turn for the future.

As can be seen from the image below, the graph showcased a decline in the number of active addresses in the past few days. This somewhat suggested a decrease in the number of transactions on the Bitcoin network.

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