NEW!Incredible offer for our exclusive subscribers! Read More
BTC

Bitcoin Long-Term Holder Position Flips Green, While ETH Is Outflowing from Exchanges, Here's What It Means

1 Mins read

Long-term Bitcoin holders are accumulating Bitcoin again, Glassnode founders Jan Happel and Jann Allemann have tweeted, sharing a chart showing financial institutions grabbing Bitcoin for long-term keeping.

Источник: cryptonews.net

Another tweet from Glassnode shows that ETH transfer volume to/from crypto exchanges is showing a sharp decline.

Long-term holders start accumulating Bitcoin

A chart shared on the Twitter profile of the Glassnode cofounders shows that the Bitcoin Long-Term Holder Position Change has turned green for the first time since October and has been going green since early April.

Long-term Bitcoin holders are mostly whales and financial institutions who have been actively accumulating the world’s flagship digital currency as of late, making the demand for it stronger and the price higher.

Confidence in Ethereum remains high

Happel and Allemann have also posted a tweet about Ethereum. The chart in the tweet demonstrates that investors are still highly confident about the second-largest cryptocurrency since the outflow of ETH from crypto exchanges is high enough.

Related posts
AltcoinsBTCCryptoETHMiningOtherStock

Bitcentr launched the largest aid campaign!

1 Mins read
Ukraine is at war, war for our freedom but also for European freedom and democracy. People of Ukraine are in a big…
AltcoinsBTCCryptoETH

Beecrypt with Bitfinex will start a trading giveaway for Telegram users

1 Mins read
In this paragraph, Bitfinex with Friends of beecrypt.net are starting with Top crypto giveaway. After that From 0.001 tо 0.25 bitcоin and…
AltcoinsBTCCryptoETH

Beecrypt with Bitfinex will start a trading giveaway for Telegram users

1 Mins read
In this paragraph, Bitfinex with Friends of beecrypt.net are starting with Top crypto giveaway. After that From 0.001 tо 0.25 bitcоin and…
Power your team with InHype

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published. Required fields are marked *