Here comes a Fed 'sledgehammer' rate hike — what's next for BTC?
during crypto bear markets, and reclaiming it after its loss as support has historically signified a return to strength.Even as recent price volatility sees an uptick in on-chain activity, hodlers are keeping their resolve, on-chain data confirms.According to analytics firm Glassnode, coins held for a period of at least five years are showing just one trend — up.that the percentage of the BTC supply last active in September 2017 or earlier reached a new all-time high of 24.8%.
Nonetheless, the long-term trend among seasoned investors is clear when it comes to Bitcoin, as evidenced by the supply portion held by long-term holders . “LTH Supply is the volume of Bitcoin which has been dormant for 155-days, and is statistically the least likely to be spent during market volatility,” GlassnodeAfter the CPI event, as CointelegraphThe views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
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