about 2 months ago • 4:21 mins
It’s been a grim year for bitcoin investors, and as you’d expect, there’s been no shortage of “bitcoin is dead” headlines. But if you take a step back and focus on the cold-hard data, things aren’t quite as dire as those articles might suggest. Here are three things the financial news media isn’t telling you about bitcoin right now.
Despite the drop in price, blockchain data from Glassnode shows that more investors than ever are holding bitcoin for the long run. Two-thirds of all the coins in existence (blue line) haven’t switched wallets in a year or longer – meaning they haven’t been sold. What’s interesting is that this number has been trending upward from its 57% reading at the start of this year – back when bitcoin’s price was almost three ti
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