long-term holders
Coverage of long-term holders in the Nexus archive.
- Bitcoin Drops as the Fed Leans Toward Higher Rates
Bitcoin dropped toward $63,000 on June 17 as the U.S. Fed indicated higher interest rates, causing Ether and other major cryptocurrencies to decline 3% to 7%. Despite the downturn, long-term holders continued purchasing.
- Chance of new Bitcoin lows ‘extremely slim’ as long-term holders’ supply tops 15M BTC
Bitcoin's chances of falling below $60,000 are considered extremely unlikely, as long-term holders control over 71% of the total supply exceeding 15 million BTC. This concentration of holdings among patient investors suggests strong support for the cryptocurrency's price floor.
- Whales scooped up an insane 11k BTC just yesterday, supply is shrinking into long term holders
Large Bitcoin holders ('whales') accumulated 11,000 BTC in a single day, signaling a shift in supply dynamics as more Bitcoin moves into long-term holdings. This activity suggests increased confidence in Bitcoin's long-term value and reduced market liquidity.
- Is Bitcoin becoming more stable as adoption grows?
The article discusses Bitcoin's potential increased stability due to growing adoption, noting institutional and long-term holder interest as signs of a maturing market. It questions whether Bitcoin's volatility remains a major factor despite these developments.