Bitcoin is currently trading at 23% less than its all-time high, after making a low of $76.6K on March 11. However, this hasn’t deterred short-term and long-term holders from accumulating the token.
In this article, we’ll take a detailed look at the recent purchase data suggesting that Bitcoin is in an accumulation phase and primed for an upward push.
We’ll also talk about how investing in the best altcoins could be a smart decision in the current market scenario.
Both Short & Long-Term $BTC Holders Bullish
Short-term $BTC holders – those who have held the token for less than 155 days – have added 15K $BTC in the first five days of April itself.
Long-term holders, on the other hand, have added 400K $BTC since the beginning of February. With these fresh additions, STHs now hold around 3.7M Bitcoins, while LTHs own 13.5M.
The growing accumulation from STHs is particularly interesting. Usually, short-term ..
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