Long-term Bitcoin holders accumulate 262,000 BTC, showing confidence amidst market fluctuations

From Investing.com

August 28, 2024 10:30 AM:

Long-term Bitcoin holders have increased their supply by 262,000 BTC in the past 30 days, now holding 14.82 million Bitcoin, or 75% of the total supply. This accumulation highlights long-term confidence amidst market fluctuations. Bitcoin price dropped over 6% to $60,162, representing a 10.8% decline in two days due to Short-Term Holders establishing resistance levels. The recent volatility is attributed to traders speculating on rising prices and concerns about U.S. government token sales.

Read more at Investing.com: 262,000 BTC Snapped up by Major Bitcoin Holders in Accumulation Drive By U.Today