Veteran Bitcoin hodlers are still selling record low amounts of BTC despite 70% gains in 2021

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Veteran Bitcoin hodlers are still selling record low amounts of BTC despite 70% gains in 2021
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  • 📰 Cointelegraph
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Who's selling BTC at these prices? It's likely who you think it is, data suggests.

According to the Coin Days Destroyed metric from on-chain analytics firmStrong hands knuckle down throughout 2021

The indicator refers to how long each BTC has been dormant each time it moves. This provides an alternative to simple volume measurements to determine market trends. Older coins are thus more “important” than younger ones with a history of active movement.

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