Why are long-term bitcoin holders considered'smart money'?
Could you please elaborate on why individuals who hold Bitcoin for the long-term are often referred to as "smart money"? What factors contribute to this perception, and how does it relate to the overall investment strategy and mindset of these individuals? Additionally, what are some of the potential advantages and drawbacks of adopting this approach to cryptocurrency investment?
Is 76 percent of bitcoin locked up with long-term holders?
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?