Cryptocurrency Q&A
Is 76 percent of bitcoin locked up with long-term holders?
Is 76 percent of bitcoin locked up with long-term holders?
henry_miller_astronomer
Tue Jul 09 2024
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5 answers
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Could you elaborate on the recent trend of Bitcoin being locked up with long-term holders? Is it accurate to say that a significant portion, specifically 76 percent, of Bitcoin's circulating supply is currently being held by investors with a long-term outlook? If so, what implications does this have on the market's liquidity and price stability? Furthermore, how do these long-term holders' decisions affect the overall sentiment and dynamics of the Bitcoin ecosystem? Is this a trend that's expected to continue, and what are the potential outcomes if it does?
5 answers
GangnamGlamourQueen
Thu Jul 11 2024
This significant lock-up of coins indicates a reduced liquidity in the market, as fewer coins are available for trading.
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Carolina
Thu Jul 11 2024
With less coins up for grabs, the same pool of investors and traders are bidding on a more limited supply, potentially leading to increased competition and higher prices.
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Stefano
Thu Jul 11 2024
The dynamics of this scenario are fascinating, as it suggests a shift in market sentiment towards a more bullish outlook for Bitcoin.
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DongdaemunTrendsetterStyle
Thu Jul 11 2024
In a remarkable update on October 18th, an industry expert noted a staggering figure in the Bitcoin ecosystem.
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Tommaso
Thu Jul 11 2024
The expert stated that an impressive 76.2% of the Bitcoin network is currently held by long-term investors, surpassing the previous record set in 2015.
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