Glassnode reports a sharp decline in liquid Bitcoin available for trading, indicating a shift toward stronger holding behavior among investors. The number of BTC less than one week old has dropped significantly from 5.9% to 2.8% of the circulating supply, marking a 50% decline in just three months. This suggests that fewer coins are being moved, reducing the supply available for trading. With more investors holding onto their BTC, a potential supply squeeze could be on the horizon, which may contribute to increased price volatility and potential upward momentum in the market.
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Glassnode reports a sharp decline in liquid Bitcoin available for trading, indicating a shift toward stronger holding behavior among investors. The number of BTC less than one week old has dropped significantly from 5.9% to 2.8% of the circulating supply, marking a 50% decline in just three months. This suggests that fewer coins are being moved, reducing the supply available for trading. With more investors holding onto their BTC, a potential supply squeeze could be on the horizon, which may contribute to increased price volatility and potential upward momentum in the market.
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