Another metric, the long-term holder net position change, shows more than 48,000 BTC were spent in the week ended Nov. 13. Glasnode defines long-term holder supply as the one that is statistically the least likely to be spent. In addition, more than 97,000 BTC that were inactive or dormant for over a year moved last week and possibly returned to the cryptocurrency’s circulating supply.
Related posts
-
Bitcoin Surges Past $71,000, But TD Sequential Says ‘Sell’
The Tom Demark (TD) Sequential has given a sell signal for Bitcoin after the asset broke... -
Bitcoin Will Explode If Bulls Break The “Fuse” At $72,000
Bitcoin’s price has risen roughly 2% in the past 24 hours, trending above $70,000, a psychological... -
Is $100K Bitcoin Inevitable? This Expert Say ‘Yes’—Find Out When
As Bitcoin teeters close to its previous peak, discussions about its next big price targets have...