Bitcoin [BTC], being the top crypto, has been leading the latest bull rally by registering the highest gains among the top cryptos.
Bitcoin’s long-term holders are showing immense confidence in the coin as they increase their holdings during the latest bull rally, being the top crypto, has been leading the latest bull rally by registering the highest gains among the top cryptos. It was interesting to note that even before the recent bull rally, long-term investors had immense confidence in BTC.
This was evident from the latest data, which showed that the percentage of supply held for more than five years has been on the rise for multiple years.Long-term investors’ confidence in BTC was further proven by Satoshi Club’s tweet, which revealed an intriguing development. As per the data provided by IntoTheBlock, 80% of Bitcoin was owned by long-term investors, which reached new highs in October.A possible reason for this increased holding could be the upcoming halving in 2024.
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