Glassnode
Bitcoin Worth $1B Leaves Exchanges in Largest Single-Day Outflow in 12 Months
Net outflows from exchanges are often taken to represent investors' intention to hold coins for long-term.
HODLing Stays in Vogue for Bitcoin Investors: Glassnode
As the year wraps up, HODLing seems to be the preferred dynamic among bitcoin investors, according to Glassnode. Data shows that more than 70% of the circulating bitcoin supply has been inactive for over a year. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Bitcoin Supply Inactive for a Year Hits Record High of 70%
It appears bitcoin holders are not planning on offloading inventory at these price levels or any time soon, one observer said.
Bitcoin Held in Exchange Wallets Rising at Pace of $1.16B a Month, Data Show
The inflow comes as bitcoin has gained 7% this month, extending October's 28% rally.
Crypto Tax Platform Blockpit Buys Rival Accointing From Glassnode
The "multi-million dollar" acquisition gives Austria-based Blockpit a footprint in the U.K.
Bitcoin Investor Sentiment Shifting Towards the Negative: Glassnode
Nearly all short-term bitcoin holders are now underwater on their position, with investor confidence leaning towards the negative, according to Glassnode data. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Nearly All Short-Term Bitcoin Owners Are Underwater, On-Chain Data Reveals
Data tracked by Glassnode shows that nearly 90% of bitcoin short term holders have held onto their coins for 155 days or less. In other words, of the 2.56 million bitcoin ($66.5 billion) held by short-term holders, around 2.26 million bitcoin have an acquisition cost higher than the going market rate. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Nearly All Short-Term Bitcoin Owners Are Underwater, Making Rallies Harder
"The real problem is the current fragile market set-up for BTC, because short-term holders are underwater in both price and narrative," one observer said.
HODLers Love to Hold Crypto, Glassnode Data Suggests
Data from Glassnode shows that bitcoin's (BTC) balance on exchanges reached a 5 year low of 2,276,878 BTC. The largest cryptocurrency by market cap is currently hovering below $30,000, as investors await U.S. inflation data scheduled for release later this week. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Rising Dormant Bitcoin Numbers Suggest Holding Is a Preferred Investment Strategy
Almost 69% of circulating bitcoin have been inactive for at least a year.
