Analysis: BTC addresses inactive for 1-2 years have been selling since the price hit an all-time high, offsetting accumulation by long-term holders

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Cointime2024/06/14 10:25

By:Cointime

Analysis company CryptoQuant tracked data shows that the number of inactive BTC within 1-2 years has decreased, which is a sign of profit for holders when bitcoin prices remain near historic highs. Ilan Solot, co-head of digital asset solutions at Marex Solutions, said in an email on Wednesday: "Addresses holding bitcoin for 1 and 2 years have been selling after the bitcoin price hit historic highs. This offsets the accumulation of long-term holders (+3 years)."

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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