"Bitcoin's recent dip to $29,200 has set the crypto market abuzz, causing nearly $50 million in realized losses - predominantly from short-term holders. But what about long-term holders? Their behavior can significantly influence market dynamics. Amidst the chaos, on-chain analytics reveal an intriguing trend. Despite market turbulence, data indicates these stalwarts are showing resilience, but there's a twist. A key metric suggests a precarious situation for another group... Will this trigger further market volatility? Find out more in this in-depth analysis."
Long-term holders seem unfazed by Bitcoin’s dip to $29K
07/26/2023 23:00
Long-term holders stand strong amid Bitcoin's recent volatility, showing little change in their supply and little risk of capitulation.
Long-term holders seem unfazed by Bitcoin’s dip to $29K 15 seconds ago · 3 min read
A lack of meaningful change in LTH supply and little risk of capitulation reveals a stedfast confidence in Bitcoin in the face of recent market volatility.
3 min read
Updated: July 26, 2023 at 2:03 pm
Cover art/illustration via CryptoSlate