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Today at 05:51:39 AM |
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Given Saylor's sales announcements and the current asset rebalancing, all of this is clearly not in Bitcoin's favor. But IMHO, it's holding up remarkably well, considering the eight-week outflows from the ETF. And I've found one explanation for this resilience: Bitcoin is now mostly in the hands of those called Long-Term Holders: they currently control 83 percent of Bitcoin, an all-time high, according to onChainMind.
Basically, the situation among holders is like a party gone bad—only the most resilient ones remain, those who are confidently sitting in the kitchen.
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