On-chain data shows Bitcoin long-term holders continuing to ‘soak up supply’ around $30K
Despite being underwater on a portion of BTC positions, data shows long-term holders continuing to accumulate Bitcoin in its current range.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Despite being underwater on a portion of BTC positions, data shows long-term holders continuing to accumulate Bitcoin in its current range.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
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