Pages:
Author

Topic: Bitcoin long-term holders continuing to ‘soak up supply’ around $30K - page 2. (Read 282 times)

sr. member
Activity: 1572
Merit: 267
~8 trx per day on it. dividends. no price talk. BTC pays the TRX.

Sums to everyone who gets crypto dividends gets in touch with BTC on some stage.

Trouble is when you forget the link. fiat "Don't answer if you where not asked".

Answer first. Questions later.
hero member
Activity: 2954
Merit: 796
News Update, BTC predicted prices up to 35k in jun 2022
Summary : Russia’s Ministry of Finance is considering allowing the use of cryptocurrencies for international trade, local news outlet Interfax reported on Friday. In March, the chairman of the country’s Congressional energy committee, Pavel Zavalny, said in a press conference that Russia was open to accepting bitcoin for its natural resources exports. Zavalny explained that only “friendly” countries like China and Turkey would be given the option, as President Vladimir Putin had said the day before that “unfriendly” countries should pay for Russian gas in rubles.
Source News Bitcoin Magazine : https://shrinke.me/78IGI

Russia is cut-off to the rest of the world except for there allied country this news seems a short term hype for crypto but I still don't expect this kind of news will push Bitcoin to new ATH since there's still ongoing war while the upcoming recession is glooming.

In regards to the Bitcoin holder. This whales are institutional investors that keeps on feeding by the retail investors sold Bitcoin. They might be planning something that's why they are loading again but this kind of move is not good for retail investors that always play as an exit liquidity for whales.
newbie
Activity: 5
Merit: 0
News Update, BTC predicted prices up to 35k in jun 2022
Summary : Russia’s Ministry of Finance is considering allowing the use of cryptocurrencies for international trade, local news outlet Interfax reported on Friday. In March, the chairman of the country’s Congressional energy committee, Pavel Zavalny, said in a press conference that Russia was open to accepting bitcoin for its natural resources exports. Zavalny explained that only “friendly” countries like China and Turkey would be given the option, as President Vladimir Putin had said the day before that “unfriendly” countries should pay for Russian gas in rubles.
Source News Bitcoin Magazine : https://shrinke.me/78IGI
copper member
Activity: 141
Merit: 7
US BASED CRYPTOCURRENCY EXCHANGE
Despite being underwater on a portion of BTC positions, data shows long-term holders continuing to accumulate Bitcoin in its current range.

Long-term Bitcoin holders appear to be the main driving force behind the current price action, with some actively accumulating and others realizing losses at an average of -27%. Despite the selling witnessed by some in the long-term holder cohort, the total supply held by these wallets recently returned to its all-time high of 13.048 million BTC.

(Source: Cointelegraph)
Pages:
Jump to: