The Bitcoin price has been gaining momentum and steadily rising back to a more bullish price position of $30,000. Despite market downturns, long-term holders of the cryptocurrency are increasing their investments in hopes of a significant bull run. s the holder metric hits a new all-time high.
Bitcoin Price Rises As Holder Metric Peaks
Bitcoin’s price has been consolidating for a while now, pushing past the $27,000 threshold and being traded presently at $27,047. The cryptocurrency is slowly moving towardsthe $30,000 mark, defying bearish expectations.
Co-founder of Reflexivity Research, Will Clemente revealed a chart report illustrated by Glassnode, a blockchain data and intelligence platform, in an X (formerly Twitter) post on Thursday.
The chart revealed metrics of Bitcoin long-term holders (LTHs) and short-term holders (STHs) as well as data on Bitcoin’s holder supply, circulating supply, and adjusted supply.
The chart revealed that three out of four BTC are currently owned
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