A recent report from the leading blockchain analyzer Glassnode reveals that long-term holders are considerably reluctant to trade their Bitcoin at the current price levels.
Furthermore, there is a considerable decline in very young coins — Bitcoins being traded within the last month.
The CDD-90 metric, an indicator that gives more weight to coins that haven’t been traded within the last 90 days, also supports the theory that long-term holders are continue to hold.
While long-term holders keep on holding, it’s good to remember that they are the ones with an unshakable conviction in Bitcoin.
In recent weeks, Michael Saylor has made headlines several times with his intentions to buy Bitcoin.
Then, on the same day MicroStrategy completed the sale of $500 million in bonds, the company announced that it will be selling $1 billion worth of its own stock to acquire more Bitcoin.
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