Amid the recent volatility and turbulence, Bitcoin long-term holders continue to hold with diamond hands.
Bitcoin whales have continued to add BTC to their bags on every dip while miners have been moving coins to exchanges.
Over the past few weeks, Bitcoin (BTC) has gone through some major turbulence on a few macro events and the high-handed regulatory action by the U.S. SEC. While weak hands might be selling their BTC in this current selling pressure, long-term holders continue to hold with diamond hands.
On-chain data traced by Glassnode shows that the total percentage of Bitcoin Long-Term Holder Supply sent to the exchanges remains low at just about 0.004 percent. It notes:
The percentage of #Bitcoin Long-Term Holder Supply sent to Exchanges remains extremely quiet at 0.004%. This highlights the profound inactivity of the cohort amidst elevated market distress, remaining indifferent to the #Binance and #Coinbase regulatory charges.

Courtesy: Glassnode

As per Glassnode’s defini

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