Data: Long-term Bitcoin holders have increased their holdings by over 250,000 BTC in the past two months
Brickken analyst Enmanuel Cardozo on the RWA tokenization platform stated that despite Bitcoin possibly experiencing a short-term downturn, the rebound after the FOMC meeting is a positive signal for market participants. He believes investors should focus on the accumulation of long-term Bitcoin holders rather than short-term fluctuations to determine Bitcoin's trend and added: "As seen in chain data, long-term holders continue to increase their holdings; these holders are quietly accumulating." Glassnode data shows that within less than two months, the BTC holdings of long-term Bitcoin owners have increased by more than 250,000 BTC, from 13.1 million BTC on February 11th to over 13.3 million BTC on March 22nd (Cointelegraph).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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