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Bitcoin.com 2023-10-11 18:00:56

Report: Long-Term Holders Gobble Up $1.35B in Bitcoin Each Month While Altcoin Mania Lies Dormant

Seasoned crypto investors continue scooping up bitcoin (BTC) at a rate of 50,000 coins per month valued at $1.35 billion, according to blockchain analytics firm Glassnode’s latest onchain report. This supply tightening comes as the broader digital asset market remains “exceptionally dormant” both onchain and across exchanges. Long-Term Bitcoin ‘Hodlers’ Tighten Grip Amidst Dormant Market

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