Analysis: Long-term holders have increased their holdings by 400,000 Bitcoins since February, and market confidence remains strong

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According to ChainCatcher, since early April, the market confidence of both short-term and long-term Bitcoin (BTC) holders has shown abnormal growth. Glassnode data indicates that the number of bitcoins held by short-term holders (users holding Bitcoin for less than 155 days) has increased by approximately 15,000 coins since early April, with their current total holdings slightly above 3.7 million coins.

Long-term holders (users holding for at least 155 days) have increased their Bitcoin reserves by 400,000 coins since February and have purchased a small amount of Bitcoin this month, with total holdings now exceeding 13.5 million coins, demonstrating that their confidence continues to strengthen even amid recent price stagnation.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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