Glassnode, long-term bitcoin holders start accumulating bitcoin for the first time after $12,000

One Twitter user, acting under the name of’Documenting Bitcoin’, is the first to accumulate more bitcoins with holder addresses where bitcoins are stored for a long period of time since October-November 2020, when BTC was approaching around $11,500 and $12,000. I shared a Glassnode chart showing that I did. YouTube reported on the 15th (local time).

According to the chart, from November to the present, long-term holders, including miners, are selling bitcoin as bitcoin recovers from $13,000 to its peak at $20,000 in 2017 for the first time and then rises to $40,000 and $50,000.

As previously reported, Bitcoin miners just started accumulating BTC instead of selling. This chart shows that the long-term holder net position change indicator continues to turn green.

On April 14, coinbase was stimulated by a direct listing on the NASDAQ, and Bitcoin set a new record high in the $64,500 area.

(A Twitter user going under the name “Documenting Bitcoin” has shared a Glassnode chart that shows that holder addresses on which Bitcoin is stored long-term have begun accumulating more Bitcoin for the first time since October-November 2020, when BTC was worth around $11,500 and close to $12,000.)

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Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.