Bitcoin mid-term holders slash exchange transfers to 4.4% from 40.4% in June
Photo: Crypto Briefing
On-chain data shows investors who bought 6 to 12 months ago are moving coins but mostly keeping them off exchanges Bitcoin holders who bought in the last 6 to 12 months have mostly stopped sending coins to exchanges. Only 4.4% of the Bitcoin they moved recently landed on a trading platform, down from 40.4% in mid-June. The analysis comes from IT Tech, a contributor who used on-chain data from CryptoQuant. It was published through CryptoQuant’s QuickTake platform. The numbers point to reduced selling pressure from a group of investors who usually react quickly to price swings.
Source: Crypto Briefing
