Glassnode: Long-term Bitcoin holders return to hoarding mode for the first time since December
According to Glassnode's latest weekly report, the selling pressure from long-term Bitcoin holders has significantly cooled down. These investors are returning to hoarding mode and have started accumulating tokens for the first time since December 2023. Analysts also point out that Bitcoin's price trend in the past three months has been more moderate than in previous bull market cycles.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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