The Traderszone Network

Published in TZ Latest News 28 December, 2021 by The TZ Newswire Staff

Bitcoin Long Term Holders Stay Strong Despite $20K Drop From Last Month’s High

Long-term holders marginally trimmed their bitcoin positions in recent weeks despite a sharp price drop, data from analytics firm Glassnode show.

The leading cryptocurrency by market capitalization failed to break the $52,000 level on Monday and slipped to $49,300 in European hours on Tuesday.

Bitcoin prices have fallen almost $20,000 since November 2021′s highs of over $69,000. However, analytics show the supply held by investors has only dropped to 13.3 million BTC from 13.4 million BTC – a marginal change considering the massive price drop.

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